FLHK - The 2022 List Issue Part 1: Global Markets - Top 9 Investment Watchpoints

• We believe economic growth, inflation and investment returns should moderate through 2022, but expect growth to remain above trend, which should support the outperformance of equities over bonds.
• The world is seeing the latest COVID-19 variant, named omicron, starting to spread after beginning in South Africa.
• With the recent news that some large U.S. companies have again delayed their return-to-office dates, it is natural to wonder if future COVID-19 variants may mean that a widespread return-to-office will never occur.

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