From a macro perspective, 2022 didn’t offer investors much to clink champagne glasses over. The past several months have served up inflation and layoffs—plus a recession seems to be on the horizon for 2023.
Investors have been hoping for a Santa Claus rally—when stocks rise in the last five trading days of the year and the first two of the new year—but the market has largely limped along instead.
Source: https://www.barrons.com/articles/stock-market-open-closed-today-new-years-51672348604?siteid=yhoof2&yptr=yahoo