 After a remarkable run from the depths of the Covid-19 swoon, financial markets declined across nearly every asset class, sector and geography in the first half of 2022 as geopolitical strife, multidecade high inflation and shifting central bank policy weighed on investor sentiment. Though markets have offered retirement savers little respite from the broad-based turbulence, now is not the time for knee-jerk de-risking, in our view. 