The Worst Bond Market Ever

Wage growth will be one of the most important data points to watch as we get monthly employment reports. There literally has not been a worst bond market ever for investors. The story is just simply inflation and the Fed's rate hikes.

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In today’s episode, Tom Lauricella, Morningstar Inc.’s chief markets editor, discusses the markets’ highs and lows in 2022 and what investors should watch for in 2023.

Timestamps

00:04 Introduction

00:31 What’s Morningstar’s take on what’s been driving inflation?

02:18 What would it take to push inflation down to the Fed’s 2-percent target?

03:22 What categories of inflation have the Fed focused on?

04:38 How does wage growth factor into the Fed’s moves next year?

05:38 What has happened this year with bonds?

06:38 What has the plunge in bonds meant for investors’ portfolios?

07:47 How should investors think about bonds in 2023?

08:51 Can you describe what hit tech so hard?

10:20 What will it take for a tech rebound?

11:30 Crypto started 2022 riding high