A Look Back to 2022 and Implications.
Last year will be remembered as one with heightened degrees of uncertainty and volatility, and one that most investors would quickly like to forget. In the recent past, a singular shock would roil markets, like the Global Financial Crisis of 2008 or the Covid pandemic of 2020. But in 2022, there were multiple surprises to the financial system, each with similarly deleterious effects. Investor confidence was first shattered by the rapid pace of global monetary policy tightening as surging inflation proved persistent and nefarious. This year liquidity was withdrawn from markets at a rate not seen since the 1970s and 80s in the developed world.
