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2022 Midyear Market Outlook


Transitioning to a New Paradigm

2022 has brought the market to a challenging inflection point, delaying investors' hopes for a return to normal.

Discover how we're preparing for what's ahead.

Supplementary Insights

Chongqing city night view and skyline of architectural landscape

China Equities – Are the Clouds Set to Clear? 

Embracing uncertainty and inefficiencies to focus on future drivers of growth

Key Themes

Navigating Challenging Currents

COVID-19 left lingering economic scars, and investors also face inflation, conflict, and slowing growth. 

Fundamentals Matter

 

Corporate earnings growth may be slowing, but promising investments may still be found by focusing on quality. 

Flexible Fixed Income

 

Opportunities in fixed income are there for investors who can stay nimble and flexible. 

Managing Through Geopolitical Risks

Russia-Ukraine conflicts have broad implications, and investors should be aware of elevated geopolitical risks.

Tactical Allocation Views 

 

 

As of May 31, 2022

The tactical allocation views are prepared by the T. Rowe Price Multi-Asset Division and informed by a subjective assessment of the relative attractiveness of asset classes and subclasses over a 6- to 18-month horizon.

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This material is being furnished for general informational purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, nor is it intended to serve as the primary basis for an investment decision. Prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. investors may get back less than the amount invested.

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