https://www.cnn.com/2022/12/30/investing/dow-stock-market-2022<snipit>
New York
CNN
—
Wall Street is bidding goodbye – and good riddance – to 2022. It has been a year most investors would rather forget.
Russia’s invasion of Ukraine, a snarled supply chain and another year of Covid turned markets on their head this year. Inflation surged around the globe and central banks hiked rates at a historic pace to keep price hikes from spiraling out of control. China, the world’s second-largest economy, periodically shut down entire cities to contain the pandemic. Energy supplies were cut off, but recession fears send demand falling in the second half of the year anyway. Intense storms and climate change upended markets, too.
That left few safe places for investors to park their money this year.
The Dow fell 152 points, or 0.5% Friday, the last trading day of the year. Over the course of the year, the Dow has fallen over 9%, its worst year since 2008.
The S&P 500 was 0.7% lower Friday, leaving it down 19.9% for the year.
The Nasdaq Composite Index was down 1% Friday, close to its lowest level since July 2020. The tech-heavy index has been battered this year, falling 34%.
Stocks had a miserable year, but bonds fared even worse. Inflation, massive rate hikes and a super-strong dollar left bonds unattractive to investors.
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Even his lackeys at CNN can't hide the fact that Pedo Joe is taking us over the financial cliff. And just think insider sentiment going into '23 is that '23 will be even more bearish.
