As of yesterday, pretty much everything we’ve been talking about over the last month blossomed. We were looking for the S&P 500 to take a run at 4100. It did even better, closing yesterday at 4179. We were looking for Amazon (NASDAQ: AMZN) to make a convincing move above $100 that would carry it up to $110. Amazon finished yesterday at $112.91.
I expect I’m not the only one ready to close the book on 2022. Funny how a 20% drop for the S&P 500 leaves a bitter taste in your mouth… And I gotta say, the fact that stocks will finish in the red today, the final trading day of 2022, seems like a fitting tribute to a lost year for investors.