Introduction

P 500 fell more than five % on thursday and friday, capping off the second worst week of the year for the index. It is highly unusual, my friends, that we see stocks falling and bond prices tanking at the same time. The last eight times the s m p 500 was down in ondar year, bonds finish the year higher,. But it's been a very different story thus far in 20 22, with stocks and bonds both down over ten%. That has never happened.