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Opinion
John Authers

After a Quarter for the Record Books, What’s Next?

Recession fears are up, earnings prospects are down (but it could be worse), and predictions for the rest of 2022 have been shaken up.

Ukrainian soldiers looking for unexploded ordnance in Kyiv in late February.

Ukrainian soldiers looking for unexploded ordnance in Kyiv in late February.

Photographer: Sergei Supinsky/AFP/Getty

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As quarters go, this was one for the record books. Taking three months, or a calendar year, to have any particular significance makes no sense, but it’s difficult to quell it. So, here is an attempt to summarize what’s changed in the last three months from the point of view of markets.