‘Twas the Market Before Christmas (2022)
‘Twas the market before Christmas,
And it’s time to review
The significant events of 2022.
The Federal Reserve is taking great care
To stamp out inflation everywhere.
The surge in inflation created such a din
Stocks and bond returns only made the Grinch grin.
When out in Europe, there arose such a clatter,
Russia invading Ukraine is a serious matter.
More rapid than eagles, crypto companies did fall
And we can list them both big and small
Down Three Arrows, Down BlockFi and FTX.
Out Voyager Digital, Terra-Luna and Celsius.
Energy stocks twinkled, and returns were merry,
Despite ESG investors being wary.
Central banks caused interest rates to fly,
With mortgage rates soaring up to the sky.
Argentina and France struggled and battled,
The nerves of those shoot-out players were rattled.
Messi’s joy was ecstatic despite the fear,
That he would not secure the title to cap his career.
It was a sad day to see the Queen pass,
Her legacy is immense, and her memory will last.
China to reopen seems bumpy,
As Covid surges remain pretty lumpy.
Musk’s purchase of Twitter created a stir,
The lines of free speech continue to blur.
A ton of debt he took on his back,
And maybe now he is pedalling it back.
Will there be a hard or soft landing?
An official recession call remains outstanding.
The financial market will be glad to see 2022 fade out of sight,
I wish you all Merry Christmas and a good night!
Nathan Kowalski CPA, CA, CFA, CIM, FCSI is the Chief Financial Officer of Anchor Investment Management Ltd. and can be contacted at email@example.com
Disclaimer: The sole responsibility for the content of this article lies with the author. It does not necessarily reflect the opinion, policy, or position of Anchor Investment Management Ltd. The content of this article is not intended to be relied upon as a forecast, research, or investment advice, and is not a recommendation, offer, or solicitation to buy or sell any securities or to adopt any investment strategy or for any other purpose. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by the author to be reliable. They are not necessarily all-inclusive, are not guaranteed as to the accuracy and are current only at the time written. Past performance is no guarantee of future results. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. Investment involves risks. Readers should consult their professional financial advisors prior to any investment decision. The author may own securities discussed in this article. Index performance is shown for illustrative purposes only. You cannot invest directly in an index. The author respects the intellectual property rights of others. Trademark or copyright claims should be directed to the author by email.