Investment markets have performed well through the first three quarters of 2021. However, September observed increased volatility and a modest downtrend for equity markets. Signs of decelerating economic growth, worries of persistent inflation, COVID-19 delta variant concerns and the possibility of tightening financial conditions are weighing on the minds of market participants. Nevertheless, the economy continues to grow, and opportunities remain.
The wall of worry seems to be building as we head into 2022. Investors are hanging their hats on a laundry list of concerns, causing equity markets to pause and volatility to increase.