One For the Record Books
2022 will go down in history as a landmark year for economics and financial markets, just not the type of year we want to remember. The highest inflation in 40 years, the most aggressive interest rate increases in modern history, and the Russia/Ukraine war were each unique in their own respects and caused extreme volatility in all investment asset classes. This is only the 5th time since 1926 that stocks and bonds have been down in the same year and the first time that both have declined by 10% in a single year. Please click here to continue reading our market update.