Banks are down when rates are up, defying conventional wisdom, notes Dan Lefkovitz. He discusses 2023 market trends. He talks about how stocks and bonds are both up this year, and no one's complaining about their "positive correlation." He highlights that growth is trouncing value, a reversal of 2022. He then goes over stocks and bonds opportunities in 2023, as well as 2023 market returns. He goes over how Morningstar thinks there is a decent upside in the market on the stock side and on the bond side, and yields are higher than they've been since before the financial crisis. Tune in to find out more about the stock market today.
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