2022 comes to an end. Good riddance. It was an eventful year, in global proportions, and a really tough one for investors. Here's a bit of a summary of what went down in 2022:
It started out well for the Bulls but proved to be a huge fake out. The first trading day of 2022 resulted in a historic day for the US Stock Market. It hit another fresh, all-time high. That was a theme throughout 2021. Apple became the first company in history to reach a $3 Trillion value. Asset prices across the country soared. Euphoria was rampant. Then it reversed hard. A Bear Market took over. The Bear had a tight grip on stocks the whole year. The S&P fell nearly 20%. The Tech-heavy NAS fared the worst, down 33%. The Bond Market had its worst year ever, and experienced back-to-back decliners for the first time in history. There were few places for investors to hide. Bedell Frazier played aggressive defense the whole year to protect portfolios and minimize declines.
