The S&P 500 Year to Date Is Down 25% as of 630

The S&P 500 year to date, you just look at the first three quarters of 2022, it's down a little over 25% as of 630. This is really the first time in a number of years, we're seeing an extended period of downward movement. The downturn can actually be more prolonged, whereas we've gotten so conditioned to thinking it's all fast. But I do want to remind people he wasn't wrong that the recovery actually is fast.