Weekly Briefing: 3/13/22
Uncertainty abounds and markets are an imperfect discounting mechanism...
Performance & Other Observations
Last week was painful for allocators/investors with a long-bias: Most asset classes, regions, styles, and sub-sectors posted losses. Winners could be counted on one hand. Across the major markets we follow, about the only areas delivering positive returns were:
US Dollar
Inflation-Protected US Treasury Bonds (TIPS)
Energy Eq…