26 January, 2022

Anything but Normal

Q4 Program Commentary: Wayne Gillespie

In his Q4 recap, Wayne Gillespie, Director & Senior Portfolio Strategist, provides his perspectives on a standout year in the markets and outlines his expectations for growth in 2022.

Here are a few highlights:

  • North American markets experienced above-average returns in 2021
  • Economic growth in 2022 will depend less on government stimulus and more on the underlying economy
  • The economy is in the early-to-mid stage of the current cycle, a period typically associated with market growth
  • Inflation is expected to remain above pre-pandemic levels leading central banks to reduce stimulus
  • Yields for fixed income are expected to rise with the markets cementing expectations for five rate increases in 2022
  • IPC’s Portfolio Management Team continues to favour a diversified stance while maintaining exposure to strategies that can protect against volatility