By: Wade Austin
Investors were relieved to eke out modest gains in broad stock and bond indices in May after yet another extremely volatile month for capital markets.
The magnitude of risk factors associated with inflation, war, and disease mounted in April leaving investors with few places to hide.
The first three months of 2022 proved to be traumatic for the world and challenging for investors.
Russia’s invasion of Ukraine ignited turbulence across global markets as stocks and bonds broadly declined in February.
Markets began the new year on a positive note with the S&P 500 reaching an all-time high on January 3rd, the first trading day of 2022.
Global stocks recovered from the Omicron-induced, post-Thanksgiving selloff and finished December and the fourth quarter with robust gains.
The positive momentum for stocks that began in mid-October continued into Thanksgiving with the S&P 500 surging 9.4% QTD as Covid cases nationally declined.
What a difference a month can make!
The global stock rally stalled in September as accumulating headwinds weighed on markets.