Reviewing the Drama of Markets in 2022
“There are decades where nothing happens; and there are weeks where decades happen.” - Lenin
Following up on previous years which included pandemics, energy crises, and natural disasters galore, 2022 had large shoes to fill - but fill it did. The year was full of surprising twists and turns and at times markets felt more like an M. Night Shyamalan thriller than the most sophisticated systems on the planet.
The final highlight article of the year from the Wall Street Journal pushes 2022 on stage for one last farewell and sets an optimistic, but pragmatic tone for the upcoming new year.
Housing in review
September numbers for home prices across the country were released by S&P CoreLogic Case Shiller earlier this month and provide the latest look at home prices across the country. Since the pandemic lows (Feb. 2020), the National index is up 41% through September 2022, while markets in Tampa, Phoenix, and Miami are all up 63% or more. So far at least, areas in the southeastern US and south Florida that saw some of the biggest post-COVID gains have only seen minimal declines.
What Else We're Reading
Legacy Trust Family Wealth Offices
4200 Marsh Landing Blvd, Suite 100
Jacksonville Beach, FL 32250
Office: (904) 280-9100
Fax: (904) 280-9109
Legacy Trust Family Wealth Offices of Jacksonville Beach, Florida, is a new type of financial services firm - an independent multi-family office - that brings all facets of your personal financial affairs under one roof, where they are coordinated for optimum efficiency and maximum performance.
Investment products are not FDIC insured, are not bank guaranteed, and may lose value.