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  • These five big transitions are likely to make 2022 a choppy and challenging year for equity investors—and the end of the coronavirus pandemic doesn’t even make the cut. After two years of a pandemic, it might seem strange to warn that the next 12 months are likely to be more difficult for equity investors than the period we’ve just been through. To understand why we believe this, think of 2022 as a year of major inflection points. Some critical technical and fundamental underpinnings of the economy, which have been in place for years or even decades, look set to shift, and it’s likely financial markets will be more volatile as they digest these shifts. Here are the ones we consider most significant. [more]

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