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The Year of the Rug Pull
The Compound and Friends
The Worst First Half of a Year for Treasury Bonds Since 1788
It was 18% the S&P 500 and that was. You could have made the argument that June was the bottom for stocks in July when, when we were going every day. The first half of 2022 was the worst first half of a year for Treasury bonds since 1788. These are historic lows for global portfolio managers, which is why you get that capitulation. That's what I remember the day of the year for me, that October down 1000 and we close positive there.
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