S&P 500's half-year performance was worst in fifty years

NEW YORK CITY, New York: After the first six months of 2022, the S&P 500 recorded a loss of 20.6 percent, shedding some $8.5 trillion in market value, its steepest first-half decline since 1970.

Earlier this month, the index closed down over 20 percent from its January record peak, confirming the common definition of a bear market.

Bonds also fared badly, with the ICE BofA Treasury Index being some 10 per