U.S. stocks rode reopening tailwinds to new all-time highs in 2021, overcoming multiple bouts of risk-off turbulence fueled by Covid-19 variant outbreaks, rising domestic labor costs, global supply-chain disruptions, and the U.S. Federal Reserve’s late-year pivot to a less accommodating tone. Beneath the index-level numbers, however, there was great volatility, dramatic rotations, and in the end significant performance divergence.

This link is to a PDF containing our Q4 2021 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, including a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients.

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC