Weekly Market Recap – January 23, 2023

Chart of the Week 01-23-2023

While markets have been fairly resilient at the start of the year, recent economic data have pointed to further weakening in the economy. Overall and core retail sales (excluding autos, gas and food) fell sharply in December, and while poor weather conditions may be partly to blame, the data suggest consumers were much more reserved in their spending during the holiday season.

Download Full-Size PDF: