Stocks Close Out Worst Year Since 2008
Dec 30, 2022
• 4
Min Read
Phew. Stocks ended a tough year in a dismal fashion. Just as they kicked off the year in January with a slide, markets sold off into the holiday week. In December, the S&P 500 fell more than 6%. During the long bull run since the March 2009 bottom, the S&P rose more than 600 percent.
The S&P 500’s energy sector closed out the year up 59%, making it the only group within the index that didn’t post a loss. That’s the first time that only one sector within the S&P 500 has risen, according to data going back to 1990.
Everything changed this year when policy...