Previous BakerAvenue Market Updates 06/2022 | Page 2

BakerAvenue Insights

Monthly Market Update

May 2022: The Narrow Runway

“The triumph can’t be had without the struggle.”

– Wilma Rudolph


Interest rates around the world continue to move higher. Central banks are intently raising borrowing rates to help curb inflation, while geopolitical volatility and stubborn lockdowns are pressuring economic growth. Investors should keep their seat belt on as policy tightening into a slowing economy is tricky business; an anxious investor base is watching closely to see if they can stick the landing. As always, we will defer to our technical, fundamental and macro disciplines to guide our outlook.

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