The S&P 500, a major stock index that investors closely follow, ended 2022 down 19% on the year. Tighter monetary policy, with the stated intention to put a lid on soaring inflation, can be partly to blame for why investors shunned risky assets, sending stock prices lower.  

Posting negative returns in back-to-back years is a rare occurrence. In fact, the last time this happened was during the dot-com bubble, when the S&P 500 fell three straight years from 2000 through 2002. No one knows for sure what 2023 will bring, but the odds favor a positive year, something that investors should view as welcome news. 

With this optimism of hoping for a bull market in mind, buying this stock could be a genius move for your portfolio. 

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Source Fool.com