This Quarterly Market Update was recorded on January 19th with Jason Ranallo and Ezra Firkins. A shortened 6-minute recap video is available here, along with the full-length 42-minute version for those wanting further context. Note: Q&A interactivity is unavailable on replay. Contact us directly with questions and comments.

Chapter Headings (recap version)

• 0:00 - Market Performance 2021

• 0:22 - Concentrations & Earnings

• 1:50 - Small & Value vs Large Core Companies

• 2:29 - U.S. Treasury and the Flatting Yield Curve

• 2:54 - Inflation, CPI, & Rate of Change

• 4:49 - Is that a Gondola?

• 5:29 - Volatility in Digital Assets

• 5:52 - Regulatory (Vector)

Full Length Version ⬇️

V22018859