Third Quarter 2022 Investment Perspective

October 2022
Quarterly Updates

CIO Commentary

Consequential Times

Every year makes its imprints on us in its own way, but this year is proving to be especially consequential on many fronts.

War in Ukraine, rapid inflation, rising bond yields, a China conflict, a Fed behind the curve steering us
toward a recession, a U.K. financial crisis, a big bump in mortgage rates, a rampaging U.S. dollar, and
lingering COVID-19 lockdowns in parts of the world. This has led to a bear market across asset classes and volatility of notable proportions.


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