New quarter brings new Covid but old inflation
The final quarter of 2021 was one where global equity markets pushed higher once more, with several reaching record high levels around Christmas. Looking back over the entire year, it may well go down in history as the ‘buy-the-dip’ year. That is to say, it was characterised by investors relentlessly using whatever market weakness that emerged as an opportunity to buy more equities. Central Bank policy came to the fore as a potential source of risk in the fourth quarter. Read more in our quarterly update.
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