A Strong Consumer & Economy Versus Intensifying Headwinds
The first quarter of 2022 was volatile for stocks. The S&P 500 Index fell 4.95%, the Dow Jones Industrial Average dropped 4.57%, and the MSCI All World ex USA Index was down 5.44%. Bonds, always considered less volatile than stocks, actually declined more with the Barclays Aggregate Bond Index falling 5.93%. Obviously, rising inflationary pressures …