Q: How about some good news?

A: Interest rate increases will bring us to a more “normal” level, improving the rates on savings accounts and other safe options. It will also give the Fed room to respond when we do enter a recession (whenever that is).
Yields on new bond investments will be more attractive as well.
Current market expectations are incorporating bad news, allowing for potentially positive surprises to the upside. There is a feeling that it’s all bad news, and it certainly isn’t. The economy is open and much of it functioning at pre-pandemic levels. We are in a better place than we were one year ago.