Investors’ favourite Christmas song made it into the 2021 music charts! Equity markets enjoyed a powerful rally during the last third of December, despite annualised US inflation at its highest level in nearly four decades, the FED’s more hawkish stance and the rapid spreading of Omicron. Fuelling stocks were reports that, notwithstanding this more-infectious variant, hospitalisations rose only modestly while deaths remained steady or declined.
Have you ever wondered why healthcare costs seem to increase year after year?
What had been an okay-month for global equities ended with the Black Friday sell-off. The new Omicron variant roiled global markets and overshadowed the usual focus on retail spending.