Sky-high inflation and interest rate hikes by the Federal Reserve to fight it have resulted in increased borrowing costs and heightened volatility in the market. Uncertainties hang this year as well.
The year 2022 has brought eye-watering losses for investors, being the worst since 2008 as all three major indices plunged. Over the past year, the S&P 500 has declined 19.2%, while the Dow Jones Industrial Average and the Nasdaq Composite have plunged 8.8% and 33%, respectively.
