Ahead of the Federal Reserve meeting on Wednesday, June 15, investors sent the S&P 500 into bear market territory, meaning the index fell over 20% from recent records.[i] Volatility gripped markets as concerns arose that the Fed would need to fight stubborn inflation with more aggressive rate hikes.[ii]Read more
As you may have noticed, equity markets have been experiencing intense volatility, and the percentage of stocks hitting fresh 52-week lows has spiked over the last few months. On May 20th, the S&P 500 even entered bear market territory, which is defined as a selloff by more than 20% from a recent high, before U-turning to end the month essentially flat.