The news in 2022 has been dominated by the Russian invasion of Ukraine, inflation, and the Fed’s rate hike plans. These factors have dampened investors’ appetites for stocks.
The broader market is firmly in correction territory, while many stocks and sectors are in outright bear market territory, with the best example being high-growth, tech stocks. For example, the ARK Innovation ETF (ARKK) is down 43% YTD and off by 59% from its 52-week high in February 2021.
