The New Year began inauspiciously, with global equity and bond markets falling in unison. Commodities proved to be a diversifier, benefiting from strong price gains, particularly in energy. The market downturn was driven by signs that major central banks are poised to reverse the monetary stimulus that has supported the global economy and capital markets during the coronavirus pandemic. Political tensions between the U.S. and Russia and rising Omicron rates in some countries also weighed on investors. While economic growth and corporate earnings surpassed expectations in 2021, rising inflation and interest rates, ongoing supply shortages, and an antagonistic geopolitical environment portend a more difficult year ahead.

RECENT INSIGHTS

September 26, 2022

U.S. stocks fell sharply over a renewed hawkish stance from the Fed and resurfacing growth concerns. The S&P 500 Index...

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September 19, 2022

U.S. stocks declined last week after an alarming August inflation report came in above expectations and spooked investors. The S&P...

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September 12, 2022

Last week broke the U.S. equity market’s three-week losing streak with the S&P 500 Index logging a near 4% gain....

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