XRT - Hopefully 2022 Will Be 'Business As Usual'

• 2021 was a great year for stocks, munis had some blips. While a new calendar year approaches, a lot of the same attributes exist that could keep that going.
• We have had some volatility along the way, but dips in the 3-5% range have typically been bought up quickly. Last week's market rout continued that reality, supporting current valuations.
• Despite the rally across most of the equity market, pockets of value still exist. The Energy and Financials sectors are two, which are especially interesting if yields increase as expected.
• For most risk-taking approaches, Chinese stocks offer a historically high amount of value, when compared to their global peers.

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