Wall Street’s great debate of 2023 — whether the U.S. economy is headed for a recession — is resurfacing amid heightened geopolitical risk, unabating inflationary pressures, and surging bond yields.
Major indexes are poised to end the year boosted by the “Santa Claus Rally” effect, as the market shrugs off concerns associated with surging COVID-19 case numbers across the U.S. and the world. But according to NJ-based financial services firm Hennon & Walsh, the Omicron variant remains among the top uncertainties in the market heading .