2022 Outlook: Update #2 – The Tails Become Fatter

By Bill O’Grady, Patrick Fearon-Hernandez, CFA, and Mark Keller, CFA In our 2022 Outlook: The Year of Fat Tails, we outlined a forecast with a higher likelihood of events outside the norm. To compensate for the unusual level of uncertainty, we promised to provide frequent updates to the forecast....