. It has been a year most investors would rather forget. Russia’s invasion of Ukraine, a snarled supply chain and another year of Covid turned markets on their head this year. Inflation surged around the globe and central banks hiked rates at a historic pace to keep price hikes from spiraling out of control. China, the world’s second-largest economy, periodically shut down entire cities to contain the pandemic.
By the end of the year, mortgage rates topped 7% for the first time since 2007. That was enough to cool off the red-hot housing market. Inflation, which briefly topped 9% in the United States – a 40-year high – hurt economic growth somewhat, even as consumers continued to spend. But it really hurt corporate profits. S&P 500 companies’ earnings are expected to grow just 5.1% this year, well below the average annual increase of 8.
Great article NicoleGoodkind JuliakHorowitz and DavidGoldmanCNN I enjoyed the read! Right in line with my recent thread reviewing YTD performance of many stocks.
Yall didn't hear? The adults are back in charge.
During those years I was a 95.5 percent slave. Imagine now!
Thanks to Joe, Nancy, Schumer... tax and spend... the media doesn't report the truth and has brainwashed us..
Joe and his goons trying to destroy the middle class to make as dependent on the Government. Republicans in office are letting it happen.
With sanctions on Russia all global market stocks will never be at ease. Believe it or not.