Bull Session | The market is off to a tough start in 2022. What will be your next move?
It's been an awful start to 2022 by almost any measure. By May, the $S&P 500 Index(.SPX.US$ has already fallen 13%, the most significant drop since the 1970s. Investors are afraid of possible economic recession as the Fed's aggressive tightening policy. Rising interest rates also dented the allure of tech sectors, with a 22% plunge in $Nasdaq Composite Index(.IXIC.US$ and $NASDAQ 100 Index(.NDX.US$ so far.
The Nasdaq 100's dive from its November peak briefly eclipsed its pandemic selloff in March 2020. The drop was its worst since the gauge tumbled more than 50% at the height of the global financial crisis.
--- according to Bloomberg.
--- according to Bloomberg.
![S&P 500 Index YTD & Nasdaq 100 Index YTD](https://ussnsimg.moomoo.com/1810395403232245862.png/bigmoo)
Investors have been whiplashed at a pace that hasn't been seen since 2008. The S&P 500 has moved in a daily range of at least 1% in 89% of the trading sessions in 2022.
---according to Strategas Securities.
---according to Strategas Securities.
Only the energy and utility sectors are winning, spurred by the Russia-Ukraine war. The rising oil prices pushed the energy sector to an almost 60% gain this year.
![Sectors return as of May 2022](https://ussnsimg.moomoo.com/860082556115676682.png/bigmoo)
So mooers,
Do you think it is time to buy? Do you think the market selloff ends?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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