We finally made it to the end of 2022! Today marks the last day of trading for a challenging year for equity and fixed income markets.
Surging inflation, unprecedented global monetary policy tightening, China’s battle with COVID-19, rising recession fears, and the Russia-Ukraine war have been a few of the major headwinds.
The arduous backdrop has underpinned a 19.2% loss for the S&P 500 as of December 29, likely making it the seventh-worst year for the index since 1928.
Charts:
Tracking # 1-05353220
