November 2022 Market Update Report

This is a key market outlook - is the October rally going to hold or are we going to have lower lows in equity markets??? We think the latter, driven by earnings expected to come in weaker over the next few quarters at least. But we are likely not that far off a bottom if we have further to go. The Fed rate at 4% reflects significant tightening given the amount of debt in the system. Concerned something may break as it often does in this part of the cycle....