How to View This Turbulent Market
May 20, 2022
• 7
Min Read
“If you’re invested in security and certainty, you are on the wrong planet.” – Pema Chödrön
During our Friday morning meeting in New York, Mark Newton, head of technical strategy, drew a fascinating comparison between this environment—one of the more treacherous we’ve seen—and that of 1962. It was President John F. Kennedy's second year in office; midterm years are historically a rough year for the stock market, and 1962 and 2022 are no outliers. Consider that from 1900 through 2021, the median annualized returns were:
• 12.7 percent in year 1
• 3.1 percent in year 2 ...