Month in Review - December 2021
Volatility crept into equity markets in December when the US central bank (the Federal Reserve) admitted they’ve been wrong on inflation. This thereby caused some volatility in the markets as they signalled, they will likely be raising interest rates in 2022, resulting in a much tighter (restrictive) monetary policy than what is currently in place. After digesting this news mid-month with a pull-back, the market went on to rally the last ten days, with the TSX Composite rising 2.2% and the S&P 500 (in CAD) rising 2.5%.
