generationally high inflation was the story of 2022 that’s not going to be the story of 2023 the boogeyman of disinflation—and even some deflation—is about to become the biggest risk to stocks and investors are going to have to figure out how to position portfolios for falling prices us consumer prices rose 65 year over year in december the sixth consecutive month the pace of pricing gains decelerated investors were pleased the sp 500 gained 27 for the week the dow jones industrial average gained 672 points or 2 the nasdaq composite was the big winner closing up 48