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Investment returns were positive in the fourth quarter, led by double-digit gains for U.S. stocks. Strength in corporate profits and a rebound in economic growth sparked the solid results. Inflation surged higher but is expected to moderate in 2022. Reduced government and Federal Reserve stimulus could become a headwind for financial assets going forward. Read on for additional details on the fourth-quarter market performance and investment outlook.

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FORVIS Private Client services may include investment advisory services provided by FORVIS Wealth Advisors, LLC, an SEC-registered investment adviser, and/or accounting, tax, and related solutions provided by FORVIS, LLP. The information in this presentation should not be considered investment advice to you, nor an offer to buy or sell any securities or financial instruments. The services, or investment strategies, mentioned in this presentation may not be available to, or suitable, for you. Consult a financial advisor or tax professional before implementing any investment, tax, or other strategy mentioned herein. The information herein is believed to be accurate as of the time it is presented and it may become inaccurate or outdated with the passage of time. Past performance does not guarantee future performance. All investments may lose money.

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