Where Can the S&P 500, Volume and Volatility Go In the First Week and Month of 2023?

We are heading into 2023 with a flimsy sense of stability attempting to offset this past year largely defined by its bearish course. The debate around whether the S&P 500 – and by proxy, markets in general – will re-enter its dive or recovery is a healthy one, but seasonal norms will facilitate their own expectations.