With a -20.0% return during the first half of the year, the S&P 500 officially met the somewhat arbitrary criteria for a bear market.
An unbiased appreciation of uncertainty is a cornerstone of rationality—but it is not what people and organizations want. …Acting on pretended knowledge is often the preferred solution. –Daniel Kahneman, Thinking Fast and Slow
2nd Quarter 2022 Market Commentary
With a -20.0% return during the first half of the year, the S&P 500 officially met the somewhat arbitrary criteria for a bear market.
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