July provided relief across many asset classes as a sizable late month bounce, in large part triggered by the market’s view for potential slowing in the pace of future rate hikes by the Federal Reserve (Fed).
Markets roundtripped during May as key benchmarks flirted with “bear market” territory –defined as any peak-to-trough drawdown of 20% or more – with most market segments clawing back to close out the month broadly unchanged.
Going into 2022, we expected the financial markets to experience heightened volatility given the likely
friction emanating from the anticipated Federal Reserve’s change in monetary policy against many richly
valued financial markets.
This newsletter contains an update on the market and a timeline of events for November 2021.
Markets quickly recovered during the month of October, with limited hangover effects following a sluggish end to the third quarter.
Our 4th Quarter Newsletter for our valued clients.
Markets seesawed and rates plummeted during July as investors continued to digest the ever present threat of the COVID-19 Delta variant.