In cases when markets were down over the first five trading days, the market went on to have a net-negative year 50 per cent of the time since the 1950s.
Picture: Gettywhat I saw as the big issues of 2022, noting that I could not recall a time when there were so many sources of uncertainty, both known and unknown. The main issue was inflation, and now that we are a few weeks into 2022, financial markets appear to be worrying about the same developments that concerned me. In fact, the problems we face are becoming more straightforward – depressingly so....
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