Global stocks and bonds are experiencing declines, albeit of very different magnitudes across asset classes. Much of the recent turmoil has been attributed to the Federal Reserve’s focus on reigning in the easy monetary policy it adopted in response to the COVID-19 pandemic to support the economy.
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1 https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20220615.pdf
2 https://www.cnbc.com/2022/06/22/powell-tells-congress-the-fed-is-strongly-committed-to-bringing-inflation-down.html
3 https://www.bls.gov/news.release/pdf/cpi.pdf
4 https://www.bls.gov/news.release/empsit.nr0.htm
5 https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_070122.pdf
6 https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2022
U.S. Stock Market: Russell 3000 Index
International Developed Stocks: MSCI EAFE NR Index
Emerging Markets Stocks: MSCI EM NR Index
U.S. Bond Market: Bloomberg Barclays Aggregate Index
Emerging Markets Bonds: JPM EMBI Global Diversified TR Index
Large Cap Value U.S. Stocks: Russell 1000 Value Index
Large Cap Growth U.S. Stocks: Russell 1000 Growth Index
Small Cap Value U.S. Stocks: Russell 2000 Value Index
Small Cap Growth U.S. Stocks: Russell 2000 Growth Index
Int-Term Municipal Bonds: BBgBarc Municipal 1-10Y Blend 1-12Y Index
High Yield U.S. Bonds: ICE BofA BB-B US CP HY Constrained Index
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