If you have an investment portfolio, you probably have spent more time asking your financial advisor for an explanation of what happened this year than you have in a long time. The markets have been rocked all year, and the meltdown of 2022 has been responsible for $7 trillion in value being wiped out in blue-chip stocks in the S&P 500.
Overall, it’s been rough, with the Dow down 13% on the year, and the dip is almost 20% since December.
Big-name stocks including Apple, Amazon, Microsoft, Meta, Tesla, Netflix, and Alphabet are all down.
No company has felt more pain than Netflix, with its stock down 70% in 2022.
Nasdaq has had similar headaches all year, down 20% aline in the past 30 trading days. According to CNN, there have been 11 times in the past where that occurred, and nine of those instances were associated with recessions.
CNN has what’s called a Fear & Greed Index. It measures seven indicators that do a good job of basically identifying market sentiment, and right now, it’s pointing deep into the Extreme Fear category. The index range is 0-100, with lower numbers meaning the market is in a panic. If you’re wondering what it’s registering now? It’s a 6.
The post Crash? No. Crushed? Yes… Over $7 Trillion Has Evaporated From The Stock Market In 2022. appeared first on VTPost.com.
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