Commentary
Investment Commentary – December 2022
November 26, 2022
2022 has proven to be a tumultuous year for investors. Rampant inflation and central banks’ efforts to combat it have weighed heavily on the bond and stock markets alike. The S&P 500 ended 5.28% lower for the quarter and remains in bear territory, meaning down more than 20% from recent highs. The deep losses in the bond market have also continued. The Bloomberg US Aggregate Index is down 14.61% year-to-date through the end of the third quarter. Year-to-date, the standard investment portfolio consisting of 60% stocks and 40% bonds has had the third-worst year since 1926.
For our thoughts on the markets, the Federal Reserve, and our expectations of where the economy is heading, you can read our latest Investment Commentary.
