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Largest 1H decline since 1970: How to secure our portfolios?
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mooster Han joined discussion · Jul 4, 2022 04:50

US Markets: First Half Review.

The $S&P 500 Index (.SPX.US)$ 's more than 21% plunge was its biggest first-half fall since 1970. Its second quarter was the worst since the first quarter of 2020. And while the S&P500 just entered in a bear market, the Nasdaq, the tech stocks symbol, has taken an even bigger hit and has plunged more than 30% since its peak last November.

Key Highlights:
$Netflix (NFLX.US)$ : -69.88% YTD (the worst performer in the S&P).
$Coinbase (COIN.US)$ : -80.47% YTD. Representative of the H1 crypto turmoil.
Even megacaps like $Meta Platforms (META.US)$ (-52.73%), $AMZN (-35.7%), and $AAPL (-23.67%) haven’t been spared.

From a style/factor point of view, only US high dividend paying stocks ( $Ishares Trust Ishares Core High Dividend (HDV.US)$ ) are "up" 0.18% YTD. Value ( $iShares MSCI USA Value Factor ETF (VLUE.US)$ ) is down -16.2% YTD, Quality ( $iShares MSCI USA Quality Factor ETF (QUAL.US)$ ) fell by -22.72% YTD, and Growth ( $iShares Core S&P U.S. Growth ETF (IUSG.US)$ ) experienced the biggest drop of -27.48% YTD.

The tightening of monetary policy worldwide to fight inflation and leading to a probable recession has been the main driver the negative performance. This downward trend was intensified by Russia's invasion of Ukraine, which increased pressure on the supply chain and geopolitical issues. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Nasdaq Composite Index (.IXIC.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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mooster Han
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