The Clap
We’re officially in the second half of 2022, & with the S&P 500’s drop yesterday it marked its worst first half of a year since 1970.
The Deets
The Dow Jones also ended its worst first half since 1962, while the Nasdaq simply had its worst first half ever.
H1-2022 Recap
The half started out with investor fear & uncertainty around COVID variant “Omicron”.
When fear started to fade away Russia decided to invade Ukraine, sending commodity prices like food & energy around the world soaring.
The invasion spiked rising inflation even more, leading the Federal Reserve to raise interest rates at an unprecedented rate & increasing the likelihood of a recession.
