Financial markets celebrated the new year with a bang in January as investors shrugged off the poor results of 2022.
As noted in the table above provided by The Wall Street Journal, major segments rallied to post outsized returns for the month.
The rebound was driven by improving optimism about global economic growth and China's lifting of Covid-19 restrictions. Investors also embraced recent signs that inflation may have peaked in the United States and abroad.
This quick rebound is another reminder of the speed with which sentiment and performance can shift dramatically.
Cheers to a prosperous 2023!