2022: Third Quarter Wrap
After a July rally which was largely driven by resilient corporate earnings, the rest of the quarter was gloomy with most asset classes (including bonds and stocks) giving negative returns. Regulators across the globe joined a belligerent US Federal Reserve (Fed) in raising rates to fight inflation. With the Fed leading this charge, the US dollar strengthened against all global currencies. Weakened currencies, high interest rates, and uncertainty around energy (availability and price) have cemented...
Read more