It’s been a terrible year for investors, right? Well, not completely. Defying 2022’s market washout, the energy sector is up more than 50%. Multistrategy hedge funds have gained more than 7% year to date. Some individual non-energy stocks have done great: For example, if you happen to own TransMedics Group (TMDX)—it’s in the organ-transplant business—you’ve made 35% so far.
That said, let’s hope 2023 is an easier year for financial advisors to make money for their clients. Indeed, there’s a good case to be made that the stock…