Vestor Capital Quarterly Commentary
April 14, 2022
Major broad based U.S. equity indexes posted mid‐single digit losses in the first quarter of 2022. The technology heavy NASDAQ index fell almost 9% as investors tilted away from high growth companies. While the war in the Ukraine certainly impacted markets in the first quarter, we believe that the Federal Reserve’s plan to aggressively raise interest rates was the key driver of market weakness.
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