Summer 2022 Newsletter

The Mid-Year Re-set and Recalibration

Good riddance to June.

The first half of 2022 is in the books. The S&P just completed its worst month since the Covid crash and the worst first-half decline in 5 decades. The Bond Market had its worst start to the year, ever. Now that is saying something. Ever is a long time. It’s simply been a brutal environment for investors.

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