Following a strong end to 2021, 2022 is undoubtedly off to a very rocky start. Developed market equities ended their 21-month upward streak and reached correction territory for the first time since the 2020 Covid bear market with the S&P 500 down 18.6% and Nasdaq 100 down 27.7% from peak to trough. The year started with another strong rotation out of growth stocks into value; the MSCI World Growth Index is down 20.36% compared to a 5.38% decline in the MSCI World Value Index, buoyed largely by energy stocks, through the end of April.
Click here to view the June 2022 Market Outlook and Review in full.
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