As Covid-19 and its Greek alphabet of mutations continue to haunt the global economy, equity markets overcame numerous headwinds in the fourth quarter of 2021. The threats posed by the viral variants, combined with supply chain disruptions, an impressive increase in prices, potentially punishing tax regimes, and a more hawkish Federal Reserve (Fed) rattled investors’ nerves in the last three months of the year, causing a spike in market volatility.
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