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The New York Fed said that its reverse repo facility took in $2.554 trillion in cash from money market funds and other eligible financial firms, besting the prior high water mark seen on Sept. 30, when inflows totaled $2.426 trillion.

Economists in a Reuters poll had expected the PMI to come in at 48.0. The 50-point mark separates contraction from growth on a monthly basis.

But while bonds rebounded in October and November, prices have retreated over the last few weeks, as investors digested stronger-than-expected U.S. economic data and as China reopened from COVID-19 restrictions, which some believe could add to price pressures in the new year.

The party spoiler for equities was yet again COVID. The staggering increase in the number of cases and deaths in China resurfaced concerns over its spread to the neighbouring countries and the subsequent impact on mobility and business activities.

The biggest advice is to avoid timing the market. Set an appropriate asset allocation and then keep investing regularly. When the markets are turbulent, people make an error by trying to time the market.

Mangesh Ghogre joined Nomura to head the equity capital markets business in June 2016. Under his leadership, Nomura has emerged as a top IPO player having completed 27 IPOs. Few of the marquee deals include $2.7-billion LIC IPO, $1.4 bn SBI Card IPO, $750 million Sona Comstar IPO, $1.5 bn HDFC Life IPO, $1 bn Bajaj Finance QIP, $750 million SBI Life OFS, $500 million Blackstone block deal in Sona Comstar.

“2022 was the year the tide went out and we got to see who was swimming naked,” said Andrew Adams at Saut Strategy. “It’s the first year in a while that required doing something other than just buying the dips and holding to make money.”

Every year brings with it new opportunities and the same can be said of the coming one. However, it is up to you, the investor, to read the cues carefully and make decisions which have higher chances of providing better risk-adjusted returns in the long run.

“There were a lot of opportunities for volatility traders on both sides,” said Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.