A lot has happened since our last investment commentary. The first half of 2022 has been the worst first six months of a year for stocks and bonds since 1970. No doubt it’s been an extremely difficult year, with equity markets falling into bear market territory (down more than 20%) and low-risk bonds also registering double-digit losses. Over the past few months, the economic backdrop has worsened, with sustained high inflation..
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The S&P 500 officially entered “bear market” territory after flirting with it in the month of May. This is now the eleventh bear market for the S&P 500 since it was first created back in 1957, and the first since March 2020. In the last few days the S&P 500 has experienced declines of -1.08%, -2.38%, -2.91%, and -3.88%, for a whopping -10.25% correction. As noted in our most recent The Week Ahead – The Same Story… On Repeat, last..
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As we noted in our latest quarterly update, “Volatility is Back with Vengeance,” the start of 2022 has been turbulent. Since we released that commentary, we have seen global markets continue their gyrations with ebbs and flows, both to the positive and negative, as investors continue to await data points for the search for “normal.”
Since the second quarter started, investors have gone through 24 trading days for the S&P 500. Out..
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