As of last night’s close, the S&P 500 is now down over 17% so far this year. The Russell 2000 is down even more, dropping nearly 23%. NASDAQ 100 has been the worst performer of the big three indices with a loss of 27% so far in 2022.
The selling seems to continue unabated. The S&P 500 hit a 3-month low in May for the fifth calendar month in a row. This is the first time that has happened since 1974.
