2022’s Losers Outperforming in 2023? Don’t be Fooled by this Rally

January 2023

Nasdaq Posts Best January Since 2001.

Amid abating interest rate hike fears and inflation concerns, equities were up in January as the Nasdaq gained 10.7%, marking its best January since 2001. US small-caps were among the best performers (+9.5%), followed by US mid-caps (+9.3%), and broad-based emerging market equities (+8.9%).