Persistent issues like aggressive interest rate hikes to curb the multi-decade high inflation and geopolitical uncertainties have kept the stock market under pressure. The market witnessed its worst first half in many decades, and strategists think there are still dark clouds on the horizon and there is some way to go before the storm blows over.
The S&P 500 ended the first half of 2022 with its largest decline since 1970 last week. However, the Energy Select Sector SPDR ETF (XLE) gained 30.8% year-to-date.
