| rate hikes affect the market in 2022 | 4.4 | Jump to 15.2 |  |  | 
              
                
                  | let's find out what the ceo of one of | 3.599 | Jump to 17.68 |  |  | 
              
                
                  | advisors one of the largest value | 3.92 | Jump to 25.84 |  |  | 
              
                
                  | this mean for stocks in 2022 and and | 4.8 | Jump to 46.079 |  |  | 
              
                
                  | look at back over the past 40 years bob | 4.241 | Jump to 74.159 |  |  | 
              
                
                  | market has been about one percent a | 3.6 | Jump to 78.4 | 
                      
                        
                      
                        PERCENT
                      
                      
                        about one percent
                      
                     |  | 
              
                
                  | funds rate it has been about one percent | 2.96 | Jump to 86.159 | 
                      
                        
                      
                        PERCENT
                      
                      
                        about one percent
                      
                     |  | 
              
                
                  | about two-thirds of the time the market | 4.08 | Jump to 90.96 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        about two-thirds
                      
                     |  | 
              
                
                  | good news we've been doing this for 40 | 3.44 | Jump to 146.0 |  |  | 
              
                
                  | outpaced the market by about two to | 4.161 | Jump to 195.519 |  |  | 
              
                
                  | three to four percentage points a year | 4.0 | Jump to 197.28 |  |  | 
              
                
                  | but it's really the first out | 3.28 | Jump to 212.959 |  |  | 
              
                
                  | cap and value in 2022 you basically just | 3.52 | Jump to 220.48 |  |  | 
              
                
                  | in 2022 | 3.041 | Jump to 233.439 |  |  | 
              
                
                  | the following 12 months tend to be | 3.841 | Jump to 263.759 | 
                      
                        
                      
                        DATE
                      
                      
                        the following 12 months
                      
                     |  | 
              
                
                  | four percent | 3.28 | Jump to 272.479 |  |  | 
              
                
                  | market for 2022. | 3.76 | Jump to 289.68 |  |  | 
              
                
                  | change in 2022 do you think | 4.4 | Jump to 314.16 |  |  | 
              
                
                  | opinion those two things are at odds | 3.6 | Jump to 374.08 |  |  | 
              
                
                  | can't figure out why is the 10-year | 3.521 | Jump to 430.639 |  |  | 
              
                
                  | and when you think of the one instance | 2.96 | Jump to 450.72 |  |  | 
              
                
                  | aggressive back in the fourth quarter of | 4.32 | Jump to 453.68 |  |  | 
              
                
                  | 2018 the market clearly reacted | 5.84 | Jump to 455.199 |  |  | 
              
                
                  | listing four fixed income etfs and | 4.239 | Jump to 482.08 |  |  | 
              
                
                  | filing for 10 | 5.199 | Jump to 484.72 |  |  | 
              
                
                  | listed four uh | 4.16 | Jump to 501.599 |  |  | 
              
                
                  | extinct etfs about three weeks ago bob | 2.799 | Jump to 503.68 | 
                      
                        
                      
                        DATE
                      
                      
                        about three weeks ago
                      
                     |  | 
              
                
                  | half a billion across the four | 3.841 | Jump to 510.479 |  |  | 
              
                
                  | fixed income etfs in the first three | 2.959 | Jump to 512.56 |  |  | 
              
                
                  | twos into low three percentage points | 4.88 | Jump to 543.44 |  |  | 
              
                
                  | edge it and they're your two choices | 3.84 | Jump to 561.36 |  |  | 
              
                
                  | investors to plan well for 2022. | 5.841 | Jump to 576.399 |  |  | 
              
                
                  | control we don't care about two percent | 3.359 | Jump to 609.92 | 
                      
                        
                      
                        PERCENT
                      
                      
                        about two percent
                      
                     |  | 
              
                
                  | or three percent inflation a year | 2.8 | Jump to 612.0 |  |  | 
              
                
                  | but they may well work well in 2022. you | 6.08 | Jump to 658.56 |  |  | 
              
                
                  | oscar's after party at one am both are | 5.2 | Jump to 683.92 |  |  | 
              
                
                  | they got involved i think dfa uh is one | 4.4 | Jump to 702.72 |  |  | 
              
                
                  | their first etfs in november of last | 5.361 | Jump to 730.639 |  |  | 
              
                
                  | door of becoming a top 10 etf issuer | 5.279 | Jump to 736.0 |  |  | 
              
                
                  | expense ratio is about 23 basis points | 5.52 | Jump to 773.04 |  |  | 
              
                
                  | and they have core exposure as low as 11 | 4.56 | Jump to 776.0 |  |  | 
              
                
                  | got here with these ten new etfs one | 4.799 | Jump to 810.16 |  |  | 
              
                
                  | thing got kind of uh caught my eye two | 4.48 | Jump to 812.24 |  |  | 
              
                
                  | two-factor model that came out in the | 5.2 | Jump to 832.72 |  |  | 
              
                
                  | there additional evidence now of a third | 3.92 | Jump to 846.0 |  |  | 
              
                
                  | three factors in into your investment | 3.2 | Jump to 857.04 |  |  | 
              
                
                  | profitability and the fourth one in fact | 3.199 | Jump to 871.44 |  |  | 
              
                
                  | first 12 months with the conversions and | 3.519 | Jump to 925.44 |  |  | 
              
                
                  | knocking on that top 10 door uh with 10 | 4.961 | Jump to 928.959 |  |  | 
              
                
                  | we've done in the first year since | 4.24 | Jump to 942.88 |  |  | 
              
                
                  | launching etfs and want 10 more | 3.559 | Jump to 944.72 |  |  | 
              
                
                  | 2022 so we hope to be able to bring | 3.721 | Jump to 948.279 |  |  | 
              
                
                  | can look at one firm's profitability | 3.601 | Jump to 998.959 |  |  | 
              
                
                  | even if one firm tends to be a lot | 3.279 | Jump to 1002.56 |  |  | 
              
                
                  | the profitability over the past 12 | 4.0 | Jump to 1042.4 |  |  | 
              
                
                  | over the past 12 months both of those | 4.721 | Jump to 1048.559 |  |  | 
              
                
                  | one component of the expected cash flows | 3.2 | Jump to 1063.28 |  |  | 
              
                
                  | minimum from 20 million to a half a | 3.12 | Jump to 1102.799 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        20 million to a half
                      
                     |  | 
              
                
                  | million dollars | 3.441 | Jump to 1104.559 |  |  | 
              
                
                  | circumstances and so those are two big | 4.0 | Jump to 1133.679 |  |  | 
              
                
                  | 2022 what's coming up his thoughts on | 4.88 | Jump to 1285.679 |  |  | 
              
                
                  | hottest trends in the nearly 4 trillion | 4.24 | Jump to 1305.2 |  |  |