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Economic Update: July 20, 2022

By: Matthew Brennan

2022 has been painful for investors in nearly every asset class. Please join us as we review the first half of the year, highlighting a few areas that did work in investors favor and the many that did not.

  • The first half of 2022 was one of the worst 6-month periods for stock and bond investors in history.
  • Rising interest rates led to a rapid repricing in assets and created a “bear market in everything”.
  • Market volatility is likely to remain elevated for the foreseeable future.

 

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The Author

Matthew Brennan

Matthew is a portfolio manager and leads the investment strategy group for Fulton Private Bank and Fulton Financial Advisors. He was a National Merit Scholar at the University of Chicago, where he graduated with a B. A. in Political Science. He is a Chartered Financial Analyst (CFA®) charterholder and is a member of the CFA® Institute and the CFA® Society of Philadelphia.

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