Forgive us our dentist friends but sometimes “bear” stock markets remind me of trips to the dentist. They are necessary, they are sometimes painful, and one is generally glad when they are over. Unlike dentist visits, bear markets fortunately don’t come every six months but only once or twice per decade. Such was the case in the first half of 2022. We entered “bear” market territory in mid-June.
No telling how long this one will last, but painful it has been so far. If you don’t know by now, equity markets in the U.S. had their worst start to the year in decades. The key reasons for the weak markets are well-known but their consequences are harder to gauge.
The second half of 2022 should be challenging. As always, we are happy to help with whatever investment question you might have.
Our Mid-Year Review and July 2022 Market Commentary provided by PETER W. TUZ, CFA, CFP®, President & Director, Portfolio Manager, Chase Investment Counsel.