The S & P 500 capped off another strong performance year with a Q4 2021 gain of 10.7%, culminating in a one year return of 26.9%, a two year compound annual return of 21.5%, and a five year compound annual return of 16.3%. Despite the strong absolute showing for the S&P in Q4, the quarter was marked by an increased level of volatility and rotation as market participants assessed a wide range of worries and concerns. As we look forward to a new year in 2022, let’s briefly review some of the major issues impacting investor sentiment in Q4 2021…
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