Last Year Was Horrible In Retail, But This One Looks Worse

For most investors, 2022 was a year of ups and downs, but mostly downs. In its worst year since the Great Financial Crisis, the S&P 500 finished out the year down by almost 20%. It was even worse in the tech space, with the NASDAQ Composite down by 33%. By comparison, the 8.8% decline in the Dow Jones Industrial Average (DJIA) almost seems like good news.

Things were no better in the fixed income space, with one analysis calling 2022 the worst-ever year on record for US bond investors.