2022 Year End Review

We never know what’s going to kill a bull market.  So many events, most of them impossible to predict, can change investor sentiment very quickly and cause the markets to fall.  The end to the latest bull market in 2022 had many causes.  The war in Ukraine caused energy prices to jump and caused fears of the war spreading; global inflation spiked to 40-year highs; once high flying investments like crypto currency and many big tech stocks, plummeted.  The Federal Reserve, in an effort to get a handle on inflation, raised interest rates very quickly from levels near zero, causing the worst losses in the bond market ever.  Equity markets experienced extreme volatility as investors tried to make sense of a very unpredictable future.

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