investing outlook for 2022, sarah malik on what omicron means to the market whether earnings cannot runnflation and more. we began as always with what we think of the most important things investors should think about right now. the market was full of twist and turns but it was about more than omicron in the fed. it was a monster year for ipos in 2021 and more on the way but investor appetite may be waning. the new spider-man movie could be pivotal for studios and theaters. what does it mean for boss but under blockbuster movies in 2022. on the roundtable then levinson, carleton english and jack hough. kind of a lousy week in the market. i think it was down 600 points on they're down, what is pushing investors? >> it is hard to know, it's a weird market is starting off normal. a market following anticipation of the fed. the fed came out and it was a little more hawkish than expected. then the markets rallied. here's a good example of mark anticipating but we have a selloff on thursday with tech getting it really hard. this is big tech like apple. friday tech rebound it with everything e

investing outlook for 2022, sarah malik on what omicron means to the market

following last week's volatile trading sessions all major indices rallying let's bring in nuveen cio sarah malik. thank you for joining us want to get to the stock picks in a moment but big picture thoughts i guess the fed is high on the agenda this week as a key factor what are you expecting there and for the overall outlook for markets at the market? >> rolling into 2022 with omicron and the fed. first taking a look at omicron, each wave of variants had less economic impact than the prior wave and we don't think this is a long term hit to economic growth and encouraged with less hospitalizations and mortality rates versus the delta variant the playbook for the fed for 2022 probably looks like tapering until the end of the first quarter. second quarter watching inflation. the base effects of inflation should help that number settle and seeing a shift in spending from goods to services so it may give the fed breathing room. markets expect two to three hikes next week. also, if you look at the two last big rate hike cycles it took nine to 14 rate increases before the s&p peaked so just because th