Summary
Phil Anderson provides a market review for April 2022 and checks progress against the 2022 Roadmap forecast. Markets are under pressure from rising rates and the Ukraine war, broadly in line with the projected mid-year decline forecast issued in January.
Key Claims
- Markets tracking the 2022 Roadmap forecast: declining under twin pressures of rising rates and geopolitical tension
- Jerome Powell confirmed continued rate rises despite recession risk — Fed always behind the cycle
- Strong US dollar acting as a brake on global growth and putting downward pressure on commodities
- Australian and UK markets (resource-heavy) expected to follow US lower into mid-year
- Roadmap remains on track for a potential low around late June/early July