Putting aside lingering impacts of the pandemic and continued labor challenges, the first half of 2022 saw a return of certain market conditions many AE firm leaders haven’t experienced while at the helm: the bad actors we call “rising interest rates” and “inflation.” In the short term, financial performance remained positive for the majority of AE firms. The M&A market remained essentially on track while the AE public market performance was highly correlated to the S&P.
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