The first six months of 2022 have been unpleasant for risk indexes of every stripe. The S&P 500 (World’s Reserve Index) returned almost precisely -20% and its constituents lost $8.45 trillion in market value. Poof, gone. Similar first-half losses by the S&P 400 (-19.5%) and the S&P 600 (-18.9%) resulted in paper forfeitures for its member firms of “only” $518 billion and $221 billion, respectively.
Jul
08
2022