Investors are celebrating the end of 2022 after soaring inflation and the Federal Reserve’s aggressive interest rate hikes made it a brutal year for stocks.
The S&P 500 is down 20% year-to-date, and with bonds simultaneously experiencing their worst year in history, there’s been nowhere to hide. After more than a decade of strong returns following the Great Financial Crisis of 2008, most investors are unaccustomed to this kind of carnage.
