Talbot Financial – 2Q 2022 Review

Higher inflation and the fear of a potential economic recession resulted in a broad sell-off across the financial markets during the first half of the year. The Index declined 16.1% during the second quarter and is down 20% through the first half of the year. Furthermore, the Bloomberg U.S. Aggregate Bond Index, a measure of the total bond market, fell 10.3% through the first half of the year. Therefore, the sell-off has adversely impacted both stocks and bonds.