Q2 2022 was a down quarter for nearly all asset classes. Stock, bond and real estate were all down. Bond were down as interest rates increased. It may seem a given that this trend will continue. There is a possibility that it could continue, however, we strongly encourage investors to avoid a prediction that higher rates and lower bond prices are a guaranteed outcome moving forward. Markets have shown a history of defying what appear to be obvious trends and outcomes.
US large growth stocks did especially poorly, down -20.92% while the overall US stock market average was down -16.70%. US large growth stocks included many of the tech companies that were top performers during the coronavirus lockdowns. International and Emerging Markets stocks were also down, but for this particular quarter they were down less than the US market.
