The first half of 2022 is officially over…good riddance. This past six-month period was one for the record books, and not in a good way. Stocks officially closed out their worst six-month start to any year, going back over half a century. Many of us have never been in a market this volatile.
This has also been the only time in the last 50 years when both the S&P 500 and bonds have both been down more than 10%. That’s how unusual this moment in time is. And the reality is that there has been almost no place to hide.