Market Digest: INCY, PNW, SRE, RITM

As the end of 2022 draws near, many market participants are happy to see that the painful year is almost over. From market strategists, portfolio managers, stock analysts, pension funds, hedge funds, market technicians, bond analysts, individual investors, and perma-bulls, it seemed like a period where everything went against both the stock and bond markets. Certainly, and unfortunately, much of the pain was self-inflicted -- as too much liquidity led to out-of-control inflation and then the Federal Reserve was far behind the curve (and has been playing catch up for most of the year).