With the S&P 500 averaging an annual return of 14.3% during the 10-year stretch from the start of 2012 through 2021, investors were in for a rude awakening when the broad index of the 500 largest companies in the U.S. ended 2022 down 19.4%. Saying that pessimism is elevated right now is probably an accurate assessment, a situation bolstered by the expectation of a recession. 

So, what's in store for the S&P 500 as we put 2022 in the rearview mirror and look at 2023? Will it recover? Here's what the smartest investors are thinking about today.

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Source Fool.com