Investment Commentary – December 2022

November 26, 2022

2022 has proven to be a tumultuous year for investors. Rampant inflation and central banks’ efforts to combat it have weighed heavily on the bond and stock markets alike. The S&P 500 ended 5.28% lower for the quarter and remains in bear territory, meaning down more than 20% from recent highs. The deep losses in the bond market have also continued. The Bloomberg US Aggregate Index is down 14.61% year-to-date through the end of the third quarter. Year-to-date, the standard investment portfolio consisting of 60% stocks and 40% bonds has had the third-worst year since 1926.

For our thoughts on the markets, the Federal Reserve, and our expectations of where the economy is heading, you can read our latest Investment Commentary.

To Read the Full Commentary, Click Here.