Please stay tuned for important disclosure information at the conclusion of this episode.

Welcome to Investing Insights. I'm your host, Ivana Hampton. Today's discussion is going to take a closer look at some of the biggest market headlines of the year.

2022 started with the markets riding high before a month's long roller coaster ride kicked

off and is still going.

Morningstar Inc.'s chief markets editor and smart investor newsletter editor, Tom Lorisela,

is joining investing insights to talk about the highs and the lows.

Tom, what a year has been.

Inflation has dominated the headlines.

What's Morningstar's take on what's been driving inflation this year?

Yes, there's no question that inflation has been the big story for the markets in 2022.

Much, much stronger pace of inflation than pretty much anyone could possibly have expected, I think. You know, the morning start take on this is that a lot of what has

been driving inflation has been related to supply chain issues. So this is the stuff that happened during the pandemic when the process of getting things made and shipped and delivered,

just hit all kinds of snags.

There were worker shortages, and it just fed on itself.

This created a real bottleneck in the economy that was a big part of why we saw big price increases

in things like autos, for example, and then we had knock-on effects from there.

So even though inflation has taken much longer to come down than pretty much everyone had initially

expected, the view from Morningstar

is that these forces are being reversed, that we're starting to see the signs of this already,

and that especially as we get into 2023, that those factors, those supply chain issues,

will begin to come down. Some of the other pressures

that we've seen, such as in rents and home prices, that's already started to come down. We've

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