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Tuesday, December 30, 2025

The era of liquidity-induced gains is over, and the S&P 500 will just eke out a modest gain next year as the market struggles against Fed messaging, BMO says

The S&P 500 may travel higher in 2023 but the gain may be modest and the path to get there uneven as investors continue to navigate around the Federal Reserve’s signals on monetary policy, according to BMO Capital Markets. The firm’s 2023 market outlook published this week said investors are likely …

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