Monthly Market Commentary for January 1st, 2022

2022 began tumultuously after coming off an extended period of exceptional growth as stocks climbed off the pandemic lows through muted volatility. The looming prospects of tightening historically loose fiscal and monetary policy as well as rising interest rates have caused unrest in markets, as investors reexamine both valuations in a higher interest rate environment and what inflation levels not seen in four decades could mean for consumers.