1Q 2022 Recap & 2Q 2022 Outlook
The market is attempting to catch its breath as the first quarter of 2022 ends. There was no shortage of events for the market to navigate, including the Federal Reserve’s first interest rate increase since December 2018, Russia’s invasion of Ukraine, and stubbornly high inflation pressures. The series of events sent the S&P 500 and investors on a roller coaster ride. This quarter’s letter recaps the bumpy first quarter ride and discusses the key market themes impacting your portfolio.