U.S. stocks have repeatedly been in and out of bear market territory in 2022. The market’s downturn this year can be attributed to an increasing level of uncertainty for investors. Persistently high inflation, the economic fallout from Russia’s invasion of Ukraine, and recessionary fears have majorly contributed to the uncertain market environment.
Major stock indices retreated in October and November. The S&P 500 lost gains made over the last week after Fed Chair Jerome Powell indicated a downshift in the size of interest rate hikes. “The Powell pump has been erased,” said Fawad Razaqzada, market analyst at City Index.
