— S&P 500 earnings for 4th quarter 2022 are down 4.9% (based on nearly 70% of companies reporting), the first downturn since the 3rd quarter 2020.
— The S&P 500 and Nasdaq had their worst week since Dec. 16, 2022, as an uncertain inflation outlook and lower earnings dogged stocks.
— US mortgage applications rose for the 4th time in 5 weeks but are down 58% from a year ago; 33% of apps were for refinancing.
— An estimated 100,000 new US jobs will be created in renewable energy and other “green” sectors by the Inflation Reduction Act of 2022.
— The UK narrowly avoided recession in 2022 after the economy saw zero growth between October and December.
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