The S&P 500 is down about -12% for the young year. About a quarter of the stocks in the S&P 500 are up so far, and three-quarters are down. Energy is the only sector enjoying a good start to 2022, up about 40%. Every other sector is down year to date. Losses are not confined to obscure second-tier companies - among the worst performing stocks are some big names: Netflix (down -42%), Meta (formerly known as Facebook) (‑44%), Moderna (-50%) and PayPal (-50%). (Chart from chartr.co)
Jeffrey Cerny