From the Chair

We look at the historically woeful start to 2022 for both stocks and bonds and explain why these coinciding declines are causing stress in the financial system, as well for investors. We also analyze the efficacy of the Fed's toolkit to fight inflation and how rate increases typically flow through the economy. Finally, we describe how the market has repriced earnings and illustrate how the numerator and denominator of the P/E ratio are affecting valuations. Learn more about Formidable Asset Management, Will Brown, and Adam Eagleston by visiting www.formidableam.com.