First-quarter 2022 is now behind us, and I can say with absolute certainty, it was the sloppy, choppy mess that we first previewed in early November of last year. During the first quarter, the S&P500 declined short term, intra quarter, into “correction territory of more than -10%, reaching down about -12.5% from its cash closing high to cash closing low on March 8th. The Nasdaq composite, which is largely high-growth technology and healthcare stocks, fell just short of “bear market territory” intra-quarter to -19.5%. Click here to learn more:
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