While it’s debatable just how much politics affect the stock market and economy, politicians care quite a bit about what happens with both. As we head into an election year, it makes sense that The Hill—a Washington, D.C. based publication that focuses on politics and policy—recently looked at How Wall Street Powered Through Recession Fears.
The big takeaway was provided by Quorum Managing Partner Kelly Milligan: “2023 may go down in history as the year that defied all odds.”
Kelly goes on to explain: “At the end of 2022, nearly every expert at the major banks predicted a recession and/or bear market in 2023. And yet, despite some volatility and selling over the summer, markets logged a largely positive year.”
The article asks additional experts to weigh in on how Wall Street pulled it off: Was it down to a few tech stocks driving the market higher, or did falling inflation boost the market along with the overall economy? Read Taylor Giorno’s full analysis.
Read Quorum’s take on how the upcoming elections in 2024 will impact investments.
