Stocks Close Out Winning 2022 Despite Rocky Year
- The stock market closed out a winning year, defying earlier recession fears
- The Fed signaling potential rate cuts in 2024 drove strong gains in December
- "Magnificent Seven" tech stocks like Apple and Microsoft fueled the rally
- Inflation fell from 6.4% to 3.1%, easing rate hikes and recession worries
- An economic disconnect remains between macro success and consumer struggles