In 2022, investors have lost more than $7.6 trillion on U.S. stocks, and experts warn these losses could mount heading into 2023.
From institutional investors to retail traders, it has been a challenging year as they navigate the worst-performing market in five decades, says Bespoke Investment Group.
“It is no secret that 2022 has not exactly been the year of the 60/40 portfolio,” the group wrote in a research note in August, referring to a portfolio of 60 percent stocks and 40 percent bonds. “This year has left nothing safe with both stocks and bonds hit hard.”
The Nasdaq is parked in bear territory—when prices fall 20 percent or more—as the tech-heavy index is down nearly 30 percent year-to-date. The S&P 500 Index also fell into a bear market, sliding about 22 percent on the year. The Dow Jones Industrial Average briefly flirted with bear territory during the Sept. 23 trading session, but it is still down nearly 20 percent….