Fourth Quarter 2021 Review

The highly anticipated ‘post-pandemic economic boom’ took a pause in Q3, as yet another Covid-19 surge led consumers to retrench in July and August. Supply chain issues also continue to create imbalances, with long delivery times and price pressures on inputs. Among other macroeconomic headwinds that could contribute to market volatility in the short-term, the ongoing debt ceiling showdown, sticky inflation, and China’s property bubble remain going concerns.

 The upshot for investors, however, is that these macroeconomic headwinds all appear to be temporary, and none appear significant enough to derail the growth trajectory of the U.S.