The first six months of 2022 were particularly challenging for investors: central banks became increasingly determined to rein in inflation at a time when several factors (including Ukraine conflict) kept pushing up inflationary pressures.
As a result, US Stocks and global bonds had the worst start to a year in more than 50 years (between the start of year and mid-June the S&P500 Index was down 23%).
Since then, a partial recovery took place: US 10-year bond yields hovered around/just below 3% all summer (vs 3.5% in mid-June), and S&P500 is now down 15% YTD. Sector-wise, performance has reversed what we saw in the sell-off earlier in the year, with tech and consumer discretionary sectors faring the best.
Read the whole note from the CIO 30.08.2022 commentary here.
At London & Capital, we understand that protecting and growing your wealth involves thoughtful planning and maintaining an up-to-date picture of your finances. Managing your wealth during all economic conditions is key to a healthy financial future for both you and your family.
At London & Capital, we understand that protecting and growing your wealth involves thoughtful planning and maintaining an up-to-date picture of your finances. Managing your wealth during all economic conditions is key to a healthy financial future for both you and your family.
