On average, the S&P 500 rises two out of every three years. And 2022 was not one of the up years. As of this writing, the S&P 500 is down 19% year to date, placing it right at bear-market territory. 

Statistically speaking, one would expect stocks to go up in 2023 given the market's dismal performance in 2022. However, there are four reasons why I think the bear market could rage on.

Counterintuitively, I believe there are stocks that you should be investing in nonetheless. Here's how it all fits together.

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Source Fool.com