This is a Test. This is Only a Test.

by | May 12, 2022 | Commentary, Economic Reflections

It has been a while since we have been tested like this. While we have experienced a few downturns in the past decade, there has been nothing like the current market environment.

With the spread of COVID-19 in February 2020 into a global phenomenon, risk assets fell for six weeks before rallying into a 21-month surge that enriched asset owners immeasurably. And now this. A different beast altogether. Almost 4½ months of equity and real estate declines and interest rate increases…

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