Financial markets have been forced to reckon with stubbornly high inflation, a reactionary Fed, and the lingering effects on the global economy from the war in Ukraine and the COVID-19 endemic. 2022 has seen the worst start for stocks in more than 50 years and the worst ever start on record for bonds. While we are optimistic that markets are closer to a bottom than the top, we expect continued fluctuation while we work through some of the excess built up over the past three years. Download our 2022 Mid-year Outlook for a review and preview of what to watch for.