The war in Ukraine continues as governments look toward a slowing global economy with continued inflationary pressures. News outlets have decreased their war coverage, but the conflict and its economic impact remain real. European countries have seen rising energy prices and COVID lockdowns in China have added to supply chain woes. In the United States, we feel these effects domestically through rising food and gas costs mainly. Based on the rising value of the dollar to other currencies, it implies that we are in better shape than most other economies.
We are thrilled to be featuring Jim Lawson this week in our Employee Spotlight! Jim has been a part of the team for over 4 years. We appreciate all his support within operations and technology! Learn more about Jim here!
The S&P 500 is having its worst start to a year since 1939. Almost all major sectors are sitting on year-to-date losses. Fixed income, the traditional ballast of a diversified portfolio, is also off to a historically rough start for the year, the worst since 1842. Treasuries, corporate bonds, and municipals have all declined this year. Holding cash carries its own risk with inflation sitting at multi-decade highs.