Expert forecast? Nope, just the facts, ma'am:
Good start to 2023.
TUHYX. I'm still down by quite a bit, but the published YTD numbers are encouraging: +5.48%
Glad I bought PRCPX, too. I'm not in possession of all of it, but the YTD number = +4.11%.
Bought into PRFDX (equity income) at the right time, too. YTD +5.02%.
ETF. HYDB. YTD +3.48%.
ETF SCHP. YTD +2.76%.
(It's still January. Who needs EQUITIES, eh?)
Source: Morningstar.

I bought 1 share of Tesla @113.06 on 1/4/2023 for entertainment value. Needless to say, I should have bought more!

https://www.sec.gov/Archives/edgar/data/1618627/000139834423001236/fp0082003-1_497.htm
497 1 fp0082003-1_497.htm
THE RBB FUND TRUST
Penn Capital Floating Rate Income Fund
(the “Fund”)
______________________________________________________________________________
Supplement dated January 27, 2023
to the Prospectus and Statement of Additional Information (“SAI”) dated December 31, 2022
______________________________________________________________________________
The Board of Trustees (the “Board”) of The RBB Fund Trust (the “Trust”), based upon the recommendation of Penn Capital Management Company, LLC (the “Adviser”), approved a Plan of Liquidation and Termination for the Fund (the “Plan”). The Board concluded that it is in the best interests of the Fund and its shareholders that the Fund be closed and liquidated as a series of the Trust effective as of the close of business on or about February 27, 2023.
Effective as of January 30, 2023, in anticipation of the liquidation, the Fund will no longer accept purchases into the Fund. In addition, the Adviser is in the process of transitioning the Fund’s portfolio securities to cash and/or cash equivalents and the Fund will no longer be pursuing its stated investment objective.
Shareholders of the Fund may redeem their investments as described in the Fund’s Prospectus. The redemption of shares will generally be considered a taxable event.
If you hold shares of the Fund in an IRA account, you have 60 days from the date you receive your proceeds from the liquidation of the Fund (the “Proceeds”) to reinvest or “rollover” your Proceeds into another IRA and maintain their tax-deferred status. You must notify the Fund’s transfer agent by telephone at 1-844-302-PENN (7366) (toll free) prior to February 27, 2023 of your intent to rollover your IRA account to avoid withholding deductions from your Proceeds.
Pursuant to the Plan, if the Fund has not received your redemption request or other instruction prior to February 27, 2023, your shares will be automatically redeemed on February 27, 2023 at the closing net asset value per share, and you will receive your Proceeds from the Fund, subject to any required withholding. These Proceeds will generally be subject to federal and possibly state and local income taxes if the redeemed Fund shares are held in a taxable account, and the Proceeds exceed your adjusted basis in the Fund shares redeemed.
If the redeemed Fund shares are held in a qualified retirement account, such as an IRA, the redemption Proceeds may not be subject to current income taxation. You should consult with your tax advisor on the consequences of this redemption to you.
Shareholder inquiries should be directed to the Fund at 1-844-302-PENN (7366).
* * * * *
Please retain this supplement for your reference.

University auxiliary services (bookstores, dorms, dining halls, gyms, sports, stadiums, etc) have their own operating budgets and are not part of the academic budgets (tuition, faculty/staff salaries).
Public university tuitions have gone up because state supports have declined significantly. At my university, state support was about 70-80% when I started, but only 10-15% by the time I retired. Some joked that we could stop using the state's name and be free but the explanation was that it wasn't simple - as land-grant university, we got lot of land, and buildings that were from separate capital budgets, and it would be impossible to pay for those.
In as much as out-of-state tuitions are attractive to universities, several have strict limits on nonstate enrollments. This is because for each nonstate student admitted, there may be a qualifying state student not admitted.
Private university tuitions are going up because many rich folks are willing to pay for the name and prestige; but lot of students get financial aid (via scholarships, grants, loans, campus work) and their effective tuition may be about half the listed tuitions.
Community colleges/2-yr colleges are mostly funded locally (property taxes, etc); there is some state funding too. Often, one has to a resident in the district to qualify for low tuition.

I see. There's truth to that about the arms race. I think though a lot of the funding from the government has dried up in the case of public universities, and that is also a reason tuitions have gone up. Meanwhile, grants for students such as the old federal Pell Grants have disappeared and been replaced with loans.
Regarding wages for college graduates vs non-college ones:

The point about the hot tubs was meant to illustrate one of the sources of rising college tuition that has nothing to do with education. In order to attract higher income students, whose parents will pay the full tuition, colleges ( including public colleges) have spent lavishly on climbing walls, luxurious dorms, saunas, locally sourced all organic expensive food that no middle class family could afford.
Any school that doesn't looses "customers" whose parents can write checks for $50,000 plus a year.
When I went to the University of Texas in the 1970s we ate enchiladas and meatloaf. Now even the kids there get kale, organic sprouts, six desert stations, all you can eat fresh midnight cookies etc.
There was one University I read about a few years ago that decided to lower their tuition to attract more applicants. In fact their applications fell dramatically because applicants thought they might not get all the services other schools were offering.
It is an arms race that has little to do with the quality of the education, but the image and amenities.

@Mark
I was struck by the Barron's article on TSLA 1/8/23
https://www.barrons.com/articles/buy-tesla-stock-price-pick-51673047775
"It helps that Tesla is expected to generate the most free cash flow among auto makers in 2023, some $12.2 billion, up from $9 billion in 2022. Toyota, the second-most-valuable auto company, is expected to generate free cash flow of about $10 billion this year and next. "
So I held my nose and bought a little. It is up from $121 to $177

@Sma3 An anecdote about Southwest, Connecticut does not a national trend make:
https://bls.gov/opub/btn/volume-9/forty-years-of-falling-manufacturing-employment.htm This long-term loss of manufacturing jobs is only going to get worse with time due to automation.
I also don't think it helps to stereotype the younger generations as wasteful foolish ones that spend all their money on "hot tubs and locally sourced organic food." What's next, a mention of avocado toast? The truth is, Gen Z and Millennials spend more money on some things than Boomers and Xers and less on others. They probably find what we spend on our cars and houses wasteful:
https://money.usnews.com/money/personal-finance/spending/articles/how-millennials-spend-their-money
https://bloomberg.com/news/articles/2021-11-17/gen-z-has-360-billion-to-spend-trick-is-getting-them-to-buy

I moved a Vanguard account to Schwab last summer, disgusted by their lousy service.
Since then I have been unable to log into the account getting instead a "reestablish online access" which didnt work.
Messaging Vanguard says it will take 7 to 10 days to respond!
So I held my nose and called. Surprise surprise I got a nice guy in the Philippines in less than 5 minutes who fixed the online access issue ( it took half an hour) . They also transferred me to another guy who told me my tax forms will be available by mid February.
While I am not going to move money to Vanguard, maybe they have heard the furor and are spending some money to improve service

@LewisBraham
At least in Southwestern Connecticut, Electric Boat is desperate to hire "blue collar" technically trained industrial workers to build subs. They subsidize the training programs in high school and guarantee a job if student finishes program. Unlike the Cape, where you can charge $350 to put in a toilet ( personal experience) people can afford to live in SW CT.
A lot of the CHIPS act and Inflation Reduction Act is directed exactly at building those training programs in Red States
https://www.brookings.edu/research/with-high-tech-manufacturing-plants-promising-good-jobs-in-ohio-workforce-developers-race-to-get-ready/
How US compares to the rest of the world in College expenses
https://www.theatlantic.com/education/archive/2018/09/why-is-college-so-expensive-in-america/569884/
"All told, including the contributions of individual families and the government (in the form of student loans, grants, and other assistance), Americans spend about $30,000 per student a year—nearly twice as much as the average developed country. “The U.S. is in a class of its own,” says Andreas Schleicher, the director for education and skills at the OECD, and he does not mean this as a compliment. “Spending per student is exorbitant, and it has virtually no relationship to the value that students could possibly get in exchange.”
For example, U.S. colleges spend, relative to other countries, a startling amount of money on their nonteaching staff, according to the OECD data."
That doesn't include the climbing gyms, hot tubs and locally sourced organic food the students demand!

Don't look now but ARKK is up nearly 20% YTD. A lot of that might be due to TSLA but I hold neither.

You don’t really “hold” those kinds of investments. More like “riding” them.

My experiences. At Fidelity same as above. Quicker phone help with more seasoned reps with Premium. Dedicated rep disappeared. With Etrade surprise ,surprise, surprise. A dedicated rep who has a direct # and calls back usually within 15 min. He handles any questions, problems etc to make my "experience" more satisfying with Etrade. I believe this is available with a minimum 50K account. No portfolio advice as this is a self directed account. Vanguard has children answering the phones. Firstrade and Wellstrade have no dedicated reps even with large self directed accounts. Ally Invest is sad. Anyone else with a different assessment of these?

Recalling from the peak Covid period of time; which affects my dating of some events. We had an individual assigned to our accounts; if we needed/wanted to have a direct contact at a Fido business office within our region. He did call 2 times to introduce himself and express he could help us with any questions/services.
We were not involved in any Private Client or advisor services. I suspect he was assigned to us based upon our asset base with Fido. There were about 10 others at his office in similar positions.
He was shown as our contact when logged into the web site. My best recall guess is that this was the 2019-2021 period and then he was no longer shown as our contact. I don't know whether Fido stopped the practice, or because we never contacted him for any services.
@Soupkitchen et al
Fidelity hiring 1,000's
I suspect you'll have contact with some 'newbies', I've never encountered a circumstance, however; when a rep. who couldn't fully help, didn't immediately escalate my call to the proper person of knowledge.

@Crash
>> Yes. "Woke" has just gone way too far. It's to the point where any recognizable standard of behavior or academic touchstone has become the enemy. That's just wrong.
Sorry, is this sarcasm? If not, examples? Not clear what you're talking about.
@sma3
>> I have read a lot of the 1619 project and object strongly to it's [] thesis that the American Revolution was fought to protect slavery. This distortion has been widely criticized by professional historians.
I'd say you have not kept up. Lots of modulation and text changes and emphasis since initial publication. No serious historians objected to its general centering of institutionalized racialized slavery in the American story. To some details still, sure.
Good to see someone siding w TJ as his star continues to fall.

There is also of course the PPP business loan forgiveness hypocrisy from the 2020 bailouts:
https://statesman.com/story/news/politics/politifact/2022/09/06/fact-check-ppp-loans-forgiven-republicans-matt-gaetz-marjorie-taylor-greene/65470173007/ It's OK for Matt Gaetz and Marjorie Taylor Greene to get their business loans forgiven, but not students.
There are also ancillary benefits to society overall from an educated populace: less crime, better understanding of the political process and an educated workforce to compete with other nations. It isn't just me, me, me as Crash suggested, although a degree is pretty much essential now to be in the middle class. Ironically, there are states today that spend more tax dollars on prisons than they do on public schools and their university systems.

@Derf, Real Yields on Inflation Bonds went from 0% to -1% and thus the price of bonds went up (yields down = bond prices up). Will try and attach a chart if I can figure out how to do that.

@Devo : Thanks for your info. Can you tell me what drove the adjusted NAV from $51.22 01/01/2020 to $54.38 at the end of Aug. 2020 as no dividends were paid during this time period.
Thank you, Derf

Two sectors where prices have grown the fastest for many years are two which IMHO should be accessible to all: education and health care.

From an 1887 letter from the Commissioner of the Department of Education, referencing Thomas Jefferson's Notes on Virginia, Query XIV:

Jefferson devised an ingenious plan whereby the boys of best talent, the sons of the people, might be discovered and sent forward, although poor, to preparatory colleges, and finally to the University of Virginia. Such a plan is now in practical operation in the, State of New York, in connection with Cornell University, which accepted the agricultural college land grant upon the condition of free education to talented graduates of local high schools and academies, and also prevails in many other States, where young men receive the benefits of the higher education, without charge for tuition, at the State universities and agricultural land-grant colleges. Natural selection and the survival of the fittest are great needs in American schools, colleges, and universities. Jefferson's ideas, if they should ever be realized throughout the country, will deliver us on the one hand from the over-education of mediocrity, and on the other from the under-education of genius. It is the duty of democracy to evolve from itself the highest talent, not only for government and administration, but for the advancement of science and the arts.

Thomas Jefferson and the University of Virginia (1888)
Jefferson posited that for the benefit of society, education should be available to everyone up to their ability level or further if willing to pay.
In a recently concluded college course in rhetoric, we were split into groups to debate the merits of free tuition (the topic I suggested for debate). There are valid, and many invalid, arguments on both sides. While I was assigned to the anti-free tuition group, personally I side with TJ.

@Crash Dividends not pd for number of months / year.
2018 3 not pd
2019 4 ''
2020 8 ''
2021 3 "
You are correct on amount of dividends also not consistent.

Most indexes peaked in 01/2022 although SP500-value peaked in 04/2022 and it is near its peak. Chart also shows SP500-growth (still down a lot), SP500 (down) and equal-weight SP500 (down only some).
Chart 1-Yr (Live)
Charts 01/2022- , Image https://i.ibb.co/v3tkp6B/Screenshot-2023-01-27-07-56-20.png