January 28, 2022—Equity markets stumbled out of the gate in 2022 with U.S. tech-related shares hit hardest. Several factors are driving elevated volatility and investor angst, including geopolitics, disappointing earnings, and increased hawkishness from central banks. While equity market corrections can be unsettling, they can also provide opportunities for long-term investors.
Key takeaways from this publication:We expect GDP growth to moderate to 2.4% in 2022 from its rapid pace in 2021 (5.7%). However, a downside scenario where oil prices remain elevated at $125 per barrel (WTI) on average in 2022 would bring our forecast down to 1.8%.A tech-led business capital expenditure (capex) recovery is underway and separates the overall performance of business spending in this cycle compared with previous cycles.
December 20, 2021 – As I’ve watched the Federal Open Market Committee (FOMC) of the Federal Reserve get more hawkish over the past months I’m reminded of my days playing lacrosse, specifically being back on defense. When your opponent has the ball you should be in a ready position with your weight on the balls of your feet, evenly distributed, and be ready to react to your left or to your right depending on which way the attacker moves.