Chart of the Day - Friday, December 23rd, 2022

Today’s Chart of the Day was shared by Willie Delwiche (@WillieDelwiche). The S&P 500 is down 19.3% with just four trading days left, putting it on track for the worst year since 2008 (-38.5%). This year was especially brutal in terms of persistent volatility and weakness. The orange bars, show the number of +/-1% moves this year, while the blue bars show the number of days where new highs exceeded new lows. As Willie points out, 2022 matched years like 2008 & 1974 in terms of volatility, but even those terrible years had more days where new highs exceeded new lows. There are a few ways to quantify a 'bad year' but by most measures, 2022 was the worst year for the S&P 500 since the Great Financial Crisis.