Taps Coogan – December 18th, 2022
Enjoy The Sounding Line? Click here to subscribe for free.
If 2022 felt like a particularly volatile, negative year for stocks, that’s because it was. As the following chart via Tracy Alloway highlights, 2022 saw the largest number of 1% declines in the S&P 500 since 1952 when the current five day trading week was established for the NYSE.
As we noted back in late October, 2022 is poised to be the worst year for the 60/40 stock-bond portfolio in 100 years and the recession hasn’t even started!
Indeed, while the market has likely priced in a mild recession, by our assessment, the Fed is making as big of a policy mistake today as it was a year ago when it was insisting inflation was temporary.
Would you like to be notified when we publish a new article on The Sounding Line? Click here to subscribe for free.
DISCLAIMER
