Quarterly Commentary: December 2021

When the sun does not shine, the wind does not blow, and the water does not flow.

Stocks overcame a number of headwinds in the fourth quarter with the emergence of Omicron, the Federal Reserve beginning to end the current Quantitative Easing (QE) program and worries on companies’ earnings. Political uncertainty also weighed on stocks. However, the market reached new all-time highs leading to strong returns for 2021.