Pomona Wealth Market Comment May 2022 -Walking the tightrope in uncertain times -What's next?
Spring has come but it has not been kind to the markets. The S&P 500’s 8.8% decline in April represents the index’s worst monthly performance since March 2020, while the Nasdaq’s 13.2% fall is its worst since October 2008. The drivers for this decline appear to be a combination of some disappointing mega-cap earnings, signs of inflation heightening fears of a Fed-induced recession, China’s COVID-19 lockdowns, and the war in Ukraine. Growth concerns have been compounded by Chi
