New Year Optimism Could Be Short-Lived. Markets Face a Tide of Gloom.

Stocks may seem determined to begin 2023 in upbeat fashion after their worst year since 2008, but there’s plenty of doom and gloom predicted.

There was no happy new year message from the head of the International Monetary Fund, Kristalina Georgieva. In fact, she said 2023 will be “tougher” than last year, with ‘one third of the world economy’ expected to enter recession, on CBS’s Face the Nation.