The SPDR S&P 500 ETF Trust is on track to finish an unpredictable 2021 near record highs after a third consecutive year of 16 percent-plus gains for the market. But with inflation concerns lingering and uncertainty surrounding the ongoing pandemic, there are plenty of reasons for investors to be concerned about stretched stock market valuations heading into 2022.
A year ago, the average stock strategist may not have seen that the worlds best-performing index in 2021 would be Mongolia, or that a movie theater chain would rise 13-fold.
This time last year, your average strategist may not have seen that the world's best-performing index in 2021 would be Mongolia, or that a movie theater chain would offer about 1 200% returns.