Any way you slice it, 2022 was a challenging year for investors.
The S&P 500 lost 18.1%, which ranks as the seventh worst year since 1929. Meanwhile, the Bloomberg US Aggregate Bond Index lost 13.0%, which ranks as the worst year ever for bonds.
Five years ago, I introduced Forbes readers to a stock strategy called the Dobermans of the Dow. This is my annual strategy update.
It’s been a long December for technology stocks.
The Nasdaq has fallen 8% this month and is down 32% year-to-date. That puts the tech-heavy index on pace for the worst December drop since the dotcom bubble burst twenty years ago.
It’s easy for investors to be gloomy following a rough September in which the S&P 500 Index tumbled 9.2%. That marked the worst September showing since 2002, when the index fell by 11%.
“We’re going to make sure everyone knows Exxon’s profits. Exxon made more money than God last year,” President Biden said Friday at an event near the port of Los Angeles.
The S&P 500 Index is flirting with bear market territory, down almost 20% year to date.
Every market selloff presents opportunities.
The iShares Emerging Markets ETF (EEM) is down -17% year-to-date. Even though Emerging Markets are notoriously volatile, this region is attractive due to its outsized growth potential.
Before long, many may start to view The Great Resignation as a Great Big Mistake.
Volatility is a two way street. It can be an investor’s friend or foe, depending on the direction.
"I’ve had the great pleasure of having Michael as my investment manager for the past several years. In fact, he is way more than that. He is a trusted guide who coaches his clients to look first at life’s bigger picture and then align their financial decisions to support where they want to go. Michael and his firm take a unique and personal coaching approach that has really resonated for me and helped me to reflect upon my core values and aspirations throughout my investment journey.
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New York Times Bestselling Author and Global Columnist.
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Managing Principal, Gotham Asset Management;
New York Times bestselling author, The Little Book That Beats the Market
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