Investing
Historically Terrible Start to 2022
Despite the carnage seen over the first four months of the year in equity and fixed income markets, the month of May did not provide investors much relief as markets continued to decline even further during the month. While there was a small rally to end the month of May, on the year the S&P 500 is still down -13.41% with the Bloomberg Barclays Aggregate Bond Index down -9.24%. As noted in last month’s commentary, this continues to be the worst start to any calendar year for equity markets in the last 81 years. Not to be outdone though, this is the worst stretch of performance for fixed income markets in over 100+ years – and no, that isn’t a typo.