Market Summary 4Q21

By nearly every measure, 2021 was a booming year. The economy, aided by $6 trillion of Trump and Biden deficits and an accommodative Federal Reserve, roared back to life. GDP growth could reach an annual 5.5%, the highest result in over 35 years. Unemployment dropped from 6.7% to 3.9% and there are over 10 million jobs available versus 6.3 million unemployed. The S&P 500 climbed 28.71% and housing values escalated 18%, the largest increase in 45 years. (Click the image below to download a PDF copy and for clickable links.)