Well, that could have gone better. Better that is in terms of first quarter 2022 stock and bond market returns, world peace, the price of oil, an awards show joke about Alopecia and the fact “transitory” inflation is not transient. Thankfully food and energy prices are not included in the government’s calculation of the core

With inflation continuing to rise we would normally begin our commentary with a quote about its’ impact on individuals, companies, and portfolios.  Since we did that last quarter and turned out to be clairvoyant forgive us if we try something a little different. Famous investor Sir John Templeton stated in a 1933 publication “The four