These Were the Best Trades in 2022
- Buying energy has been a winning bet for two years running
- Value firms on pace for best year since 2000 versus growth
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In a year when soaring inflation and sinking growth rocked corporate boardrooms and Wall Street trading floors, some nooks of the stock market gave investors shelter to hide out.
What worked in most of 2022 essentially was a long-inflation trade: A bet that the dollar and Treasury yields would rise on the Federal Reserve’s most aggressive policy tightening in four decades, while the biggest winners of a low-rate environment — tech companies — would fall.