Insights

July 13, 2022 | Investment Review

Investment Review - July 2022

  1. The major averages logged steep declines for the month of June, (and indeed for the first half of 2022) as concerns over heightened inflation and the fears of a recession weighed heavily on risk assets. The S&P 500 Index closed down 20.6% year-to-date, logging its worst first-half return since 1970. The Dow Jones Industrial Average had its largest first-half drop since 1962 and the Nasdaq had its largest percentage drop ever.

  2. The rise in interest rates has also scared investors away from cryptocurrencies this year. Bitcoin crashed below $20,000 in June. Both Bitcoin and Ethereum reached all-time highs in November of 2021. But both have since dropped by over two-thirds.

  3. After climbing to near-record levels in March, gold fell 7.4% in 2Q to $1,804 a troy ounce, the largest percentage decline since March 2021. Higher yields on government bonds and a stronger US dollar are making gold less attractive.
    key investment statistics july 2022

Sources: Bloomberg, FACTSET, U.S. BEA, U.S. BLS, Federal Reserve, Instit. For Supply Mgmt, ISI, IBD, Yardeni Research

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