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Investment Market
Commentary
4th Quarter 2022, Investment Market Review

Stocks rallied in the fourth quarter, but it was not enough to overcome the losses registered earlier in the year.  The S&P 500 suffered its first calendar year decline since 2018 and only the fourth such occurrence in the last 20 years.  The tech-heavy NASDAQ performed even worse, falling more than 30%.  Inflation, and the Federal Reserve's efforts to contain inflation, drove much of the market activity in 2022.

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