1/5
Of the list of U.S. or world stocks and bonds shown in the list below, not a single asset provided a positive return. The U.S. Aggregate Index provided the smallest loss at -10.35%. Nothing like this has been seen since at least the 1970s.
Of the list of U.S. or world stocks and bonds shown in the list below, not a single asset provided a positive return. The U.S. Aggregate Index provided the smallest loss at -10.35%. Nothing like this has been seen since at least the 1970s.
2/5
The S&P 500 is off to one of its worst starts ever. With price-only data going back to 1927, the first six months of this year have been the fourth worst of any year on record. Only 1932, 1962, and 1970 saw worse returns in the first couple quarters of the year.
The S&P 500 is off to one of its worst starts ever. With price-only data going back to 1927, the first six months of this year have been the fourth worst of any year on record. Only 1932, 1962, and 1970 saw worse returns in the first couple quarters of the year.
3/5
Despite bouncing back the past couple weeks, the U.S. bond market continues to be a bloodbath on a historical basis this year. Bloombergβs U.S. Aggregate Index lost 10.35% in the first 6 months of the year. Data goes back to 1976, this is easily the worst start on record.
Despite bouncing back the past couple weeks, the U.S. bond market continues to be a bloodbath on a historical basis this year. Bloombergβs U.S. Aggregate Index lost 10.35% in the first 6 months of the year. Data goes back to 1976, this is easily the worst start on record.
4/5
The next chart shows these losses in a slightly different manner. The bottom panel highlights the drawdown from the previous peak. U.S. bonds are now 12.1% off their peak. This is two or three times larger than most of the drawdowns seen since the 1990s.
The next chart shows these losses in a slightly different manner. The bottom panel highlights the drawdown from the previous peak. U.S. bonds are now 12.1% off their peak. This is two or three times larger than most of the drawdowns seen since the 1990s.
5/5
Commodities have been the one silver lining this year from a returns perspective. However, as the chart below shows, the Bloomberg Commodities Index fell considerably in June (-10.77%). Despite this poor month, commods have rarely produced such positive first half of a year.
Commodities have been the one silver lining this year from a returns perspective. However, as the chart below shows, the Bloomberg Commodities Index fell considerably in June (-10.77%). Despite this poor month, commods have rarely produced such positive first half of a year.
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