Published on 27 Jun 2022 on Zacks via Yahoo Finance
Stocks are on track to the worst start since 1970, as quoted on Yahoo Finance. Only five times since 1932 the S&P 500 tumbled 15% or more in the first six months of a year. The S&P 500 is off 17.9% so far this year (as of Jun 24, 2022).
The year so far has been caught up with high inflationary pressure across the world due to supply-chain issues, the Russia-Ukraine war, high energy prices, a commodity super-cycle, a super-hawkish Fed, rising rates across the globe as central banks have been tightening policies to rein in inflation, risk-off trade sentiments and a global market crash.
The S&P 500 and the Nasdaq have entered into correction territory this year as the recessionary fears flared up. The Fed started rate hikes this year and had enacted a 150-bp rise so far this year, which actually caused recessionary fears. Against this backdrop, below we highlight a few ETFs that gained maximum assets and that lost the same this year.