Commentary
The market’s fixation on inflation and the Fed’s interest rate moves appears, at least for now, over.
We’re moving onto real concerns such as an economic recession, and for investors, a corporate earnings and growth decline as a result of said recession. 
This column isn’t going to predict where the S&P 500 will end next year. Nobody knows. In fact, few investors alive today have experience dealing with the confluence of factors impacting the current economy. The most successful of us will need to effectively navigate through a series of known unknowns (How bad is the recession? When will rates plateau? Will the Fed pivot to QE?) and unknown unknowns (Geopolitics? War escalation? Another pandemic? And how does all this impact the economy and markets?)…