It was a robust year to make cash in the stock market. The S&P 500 peaked on the first buying and selling day of 2022 and by no means got here near revisiting its excessive level.
The broadly used market gauge had its worst year since the 2008 monetary disaster. One factor defined shares’ struggles: After years of simple cash, the Federal Reserve started elevating rates of interest in March to fight inflation and by no means stopped. Keep scrolling to see how the year unfolded.
Looking forward, Wall Street analysts say shares gained’t acquire floor till the Fed stops elevating charges. With policymakers promising at the least two extra charge will increase in 2023, the subsequent bull market is unlikely to start out any time quickly. While inflation can also be bad for bonds, larger rates of interest are making some safer investments, such as cash market mutual funds and short-term Treasury securities, a higher wager.