Global Stocks Lost $18 Trillion In 2022

Bloomberg: After $18 Trillion Rout, Global Stocks Face More Hurdles in 2023 

(Bloomberg) -- More tech tantrums. China’s Covid surge. And above all, no central banks riding to the rescue if things go wrong. Reeling from a record $18 trillion wipeout, global stocks must surmount all these hurdles and more if they are to escape a second straight year in the red. 

With a drop of more than 20% in 2022, the MSCI All-Country World Index is on track for its worst performance since the 2008 crisis, as jumbo interest rate hikes by the Federal Reserve more than doubled 10-year Treasury yields — the rate underpinning global capital costs. 

Bulls looking ahead at 2023 might take solace in the fact that two consecutive down years are rare for major equity markets — the S&P 500 index has fallen for two straight years on just four occasions since 1928. The scary thing though, is that when they do occur, drops in the second year tend to be deeper than in the first.  

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Update #1: Stocks fall to end Wall Street’s worst year since 2008, S&P 500 finishes 2022 down nearly 20% (CNBC)  

Update #2: U.S. stocks fall on last trading day of 2022, booking monthly losses and worst year since 2008 (Market Insider)  

Update #3: Stocks losing year (FOX News)  

WNU Editor: The mainstream business news media are ignoring this story, but if you add in the collapse of bond prices this year, this is the worst market since the 1800s .... BIDEN ECONOMY: The DOW Incurs Worst Year Since 2008, NASDAQ Incurs Worst Year Ever – If You Add in Bonds, It’s the Worst Year Since 1871! (The Gateway Pundit).