January has generally not been kind to investors. Many countries and sectors have lost money for 2022, despite a mild rally very late in the month.
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Exchange on March 09, 2020 in New York City. As global fears from the coronavirus continue to escalate, trading was halted for 15 minutes after the opening bell as stocks fell 7 percent. Of course, there are exceptions such as energy-related stocks and the Brazilian stock market, but many stocks, countries and sectors are in the red.
The market decline has been broad with many fixed income and commodity investments losing money too. Perhaps, in part, because the Fed has signaled plans raise rates relatively aggressively in 2022, with and maybe continue on up for much of 2022. Yet, we are just one month into the year, and though down, many markets aren’t in correction territory currently.Tech has been among the hardest hit sectors. In tech profits for many firms are expected to come further in the future,. For example the tech-heavy NASDAQ is down more than the more broadly-weighted S&P 500 currently. At the time of writing the NASDAQ is down approximately 11% for 2022 so far, compared to a 7% loss for the S&P 500.
However, the fact that larger tech names have held up reasonably well conceals a lot of pain even across different tech stocks. Companies such as Apple, Microsoft and Amazon make up a lot of most stock indices and are down, but not massively so. However, Ned Davis Research found thatSo although, the picture for major stock indices is not too bad, there is a lot of pain in tech currently. It’s not evenly distributed. Some of the larger household names have felt less pain.
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