20 December 21 - Looking Ahead to 2022 | NZ King Salmon Global markets were lower on Friday, with US markets (S&P500 index -0.5%) extending losses for the week in a volatile session amid worries about tighter monetary policy and the ongoing COVID pandemic. Market concern is centred on the potential for new Covid-restrictions, given the surge in Omicron cases, and the prospect of Fed rate hikes next year to cool inflation.  The proximity to year-end, normally a time when investors’ risk appetite is more limited than normal, is also probably a factor behind the recent volatility.  To put things in context though, the S&P500 is still less than 3% from its recently set all-time high and is up some 23% this year. All sectors were lower, financials leading losses giving back its gains from previous two-sessions. Mega cap tech shares continue to sell down, with the Nasdaq Technology index shedding -3% over the week. Fed Governor Waller said Friday that March...