Market Week: October 3, 2022
The third quarter of 2022 saw financial assets continue their year-to-date decline, as positive stock bond correlations and a pullback in commodity prices delivered negative returns across all asset classes except cash.
The third quarter of 2022 saw financial assets continue their year-to-date decline, as positive stock bond correlations and a pullback in commodity prices delivered negative returns across all asset classes except cash.
It’s been a tough year for investment markets. The S&P 500 is down -21.61% year to date. You wouldn’t be human if you didn’t fear loss.
As of Friday’s close, large cap equities are down 21.6% YTD. This is more than explained by declining P/E multiples, as earnings expectations themselves have proven relatively robust, despite increasing recession concerns.
By the end of the summer, investors had adopted a view that inflation would decelerate at a healthy pace into the end of the year.
Have you been thinking about heading abroad? Now is a good time! The US Dollar, according to the WSJ U.S. Dollar index , is up 13% in 2022.