Market Commentary - March 2022

We will likely see a tremendous tug-of-war ahead as U.S. and foreign central banks and governments attempt to keep economic growth positive with further monetary and fiscal stimulus. Of course, it is these very policies (coupled with ongoing supply constraints) forcing prices up at increasingly accelerated rates. Per our previous guidance, depending on further stimulus inputs and any easing of supply, we see the potential for an unusually wide range of outcomes in markets and portfolios.