Market Commentary

Q4 2021


  • ​​Equity markets delivered positive returns in the final quarter while fixed income returns were flat.
  • Due to an improving labor market and stubbornly high inflation levels, policymakers are set to reduce the unprecedented fiscal stimulus and unsustainable levels of monetary policy accommodation. ​​​​​​
  • Inflation became officially politicized when Democratic Senator Joe Manchin of West Virginia cited it as the main reason for not supporting the Build Back Better fiscal bill.
  • The tightening of monetary policy and reduced fiscal stimulus in 2022 will create more volatility across markets and the economy.

For additional market insights, download our complete market outlook report.

This material is provided to advisors by Mount Yale Investment Advisors, LLC and contains market commentary from third-party sources it believes to be reliable. However, Mount Yale has not independently verified or otherwise investigated such information and makes no guarantee as to its accuracy or completeness.  In the event any of the assumptions used herein prove not to be true, results may vary substantially. All investments entail risks. Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.  Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly.  The information contained herein constitutes general information and is not directed to, designed for, or individually tailored to, any particular investor or potential investor.  It is not intended to be a client-specific suitability or best interest analysis or a recommendation to buy, hold or sell securities.

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