Chart of the Day - Thursday, June 30th, 2022
June 30, 2022
Today’s Chart of the Day was shared by Jared Blikre (@SPYJared). The first half of the year is over and it was definitely one for the history books! The S&P 500 lost 20.56%, marking the worst first half of a year since 1970. Other major indices, like the Nasdaq and Russell 2000, have never experienced worse starts to a year than this. To make matters worse, Bonds are also off to a terrible start this year. In fact, Stocks & Bonds haven't been down together for two consecutive quarters like this since 2008. These stats should come as no surprise to daily market observers, but for passive investors who check their statements quarterly, this amount of damage is going to be hard to ignore.