Wednesday, March 22, 2023

Miserable year for stock markets – and what 2023 will bring

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Good advice is expensive: the year 2022 will bring losses for the majority of investors.


Ulrich Rotzingereconomic chief

Many exchanges closed with one of their worst results in years. “It’s just book losses,” one might say. At least for all those who did not have to sell shares out of necessity in the current year. Nevertheless, the sight of the depot statement is hardly a pleasure. There is currently little reason to hope for larger stock gains in 2023. Perseverance is required.

A look back: the German leading index Dax loses more than twelve percent over the year. The leading French index CAC 40 loses 9.5 percent. It was the worst result for both indices since 2018. Wall Street in the USA even experienced its deepest fall since 2008 in the 2022 trading year.

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