Senior cardinal convicted of embezzlement in historic Vatican fraud trial - Al Jazeera English Dec 16th
Musk's SpaceX prices record $75 billion IPO at $135 a share - Reuters + MORE Jun 11th
Wealthsimple Co-Founder and CEO Michael Katchen on Simplifying Finance Services Oct 3rd
U.S., Israel launch ‘massive and ongoing’ attack on Iran - The Globe and Mail Feb 28th
How will the outcome of the U.S. election affect financial markets? + MORE Nov 1st
Making sense of the markets this week: July 10
– moneysense.ca
The first half of 2022 asset scorecard—not good
The S&P 500 entered a bear market last month and recorded its worst first half since 1962, down 20.6%. The NASDAQ fell almost 30%, while the S&P/TSX Composite ended the first six months down 11%.
And of course, there was no safety in bonds. Thanks to rising rates, bonds did not go up in price as stocks got crushed. Central bankers turned hawkish to combat inflation. Yields on global bonds rose from an average of 1.3% on January 1, 2022 to 3% by the end of June, leading to a 14% drop in global bond returns.
Here’s a table outlining the returns for Canadian sectors, factors and bonds. You’ll also find broad international equity markets for comparison. All are listed in Canadian dollars (CAD).
Source: Mercer / Refinitiv
As for U.S. sectors, you’ll find these in this Liz Sonders tweet…
