2023 was a year filled with shifting expectations and unexpected outcomes. On the back of the greatest inflationary environment in four decades, 2023 demonstrated resiliency in the face of tightening credit conditions, a regional banking crisis, a near government shutdown and escalating geopolitical uncertainties. Oddsmakers missed their bets this year. 

We end the year as we have for the past twelve, with 12 charts that helped explain 2023. As we move into the new year, we extend our wishes to all for a safe, happy, and healthy year ahead.