Nov 28 2022 27 mins
"As I’ve said before, this year has been especially difficult, as seemingly no investment strategy has worked. Both S&P 500 index of US stocks and the Barclays Aggregate Bond index are down more than 15% for 2022 as of November 8, and even gold is down this year. Within the stock market, only the energy (oil) sector has positive returns for the year. The other 10 sectors are all down, with communications services down an amazing 41%. Ordinarily, investors diversify their portfolios across stock, bonds, and alternatives since those assets tend to move in different directions, with the result being that investors experience a “smoother” experience. This year, though, that just hasn’t worked. " Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the August 2022 Market Update.
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