A New Bull Market or a Bear Market Trap? – Alex Petrovic, CFP®
After a brutal first half start to 2022 in the global financial markets, we have been given a reprieve from falling stock prices the past two months. The S&P 500 is up about 16% from its mid-June low. In mid-June the S&P 500 Index was down about 22% YTD, and as of August 19th, it’s only down about 11% YTD. The yield on the 10-year U.S. Treasury note, which is used to help set rates on debt such as mortgages and student loans is down more than half a percentage point from its June peak. Even bruised cryptocurrencies rallied somewhat.
