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Making sense of the markets this week: December 25, 2022
– moneysense.ca
The round-up of returns for the year
Let’s start with a look at asset returns for 2022. Courtesy of our favourite economic tweeter Liz Sonders of Charles Schwab:
Stronger bounce today with mixed performance at both top and bottom; Energy outperformed all peers and retains spot as leader YTD while Utilities and Cons Staples are in 2nd and 3rd, respectively … R2000 Value is underperforming R2000 Growth MTD, a reversal from YTD trend pic.twitter.com/kdhdADLUo5— Liz Ann Sonders (@LizAnnSonders) December 21, 2022
I’ve pulled out the chart for sector performance in the U.S. from that tweet.
Source: Charles Schwab, Bloomberg
Late last week, U.S. stocks (IVV/NYSE) were down more than 21% year-to-date, in price terms—on track for the worst year since 2008 and the fourth-worst since 1957.
Here are the returns of key markets from Canadian-dollar exchange-traded funds (ETFs)…