At the end of the year, we can look back and pick over the coals of the old and look ahead to the new. But of course, it’s an artificial delineation, and the forces mustering at the end of the old year such as recession risk, rising interest rates in response to inflation, Ukraine and COIVD all are still in play.
Remember U.S. stocks just polished off their worst year since 2008 with a loss on Friday, bringing the year-to-date decline for the S&P 500 to 19.4%, its largest calendar-year drop since 2008. The only years where stocks fared worse were 2002, 1974 and 2008. The same holds true for the Dow Jones Industrial Average, which shed 8.8% this year, and the NASDAQ Composite, which lost 33.1%.
As previously high-flying megacap technology stocks and other interest-rate sensitive assets crumbled, value stocks outperformed this year, sending the Dow to its biggest calendar-year out-performance vs. the NASDAQ since 2000. The blue-chip gauge also recorded its biggest out-performance vs. the S&P 500 since the index’s creation. Energy stocks were a lone bright spot, as the S&P 500 energy sector recorded its best year on record with a 59% gain.
CONTENTS
0:00 Start
0:16 Introduction
0:30 Annual Performance
1:53 US$
2:50 Bonds And Stocks Fall
6:15 Oil
6:40 Gold
7:00 Bitcoin and Gold Compared
8:50 Europe and UK
11:09 China And COVID
11:35 Australia
13:22 Recession Scenarios
19:42 Factors To Consider
24:15 Regulating Crypto
26:04 Conclusion and Close
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