From the desk of Jim McCarthy, CFP®, ChFC®
May 2022 Monthly Outlook - So Far, It's Been Rough
So far, 2022 has not been a good year for the financial markets. Inflation, rising interest rates, and a terrible war in Europe have all conspired to create downward pressure on financial markets. Both equities and bonds have seen sizeable declines through April 30, 2022. Bonds, which usually provide a safe haven when stocks decline, have actually declined more than stocks on a relative basis. While bonds have been on a slow steady decline, stocks have seen major declines followed by quick rebound rallies, only to stall out and decline again.
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