ProShares UltraPro Short QQQ ETF (SQQQ)

[tw0122]

2022 is shaping up to be the worst year on record for financial markets.

In fact, as his chart of the day demonstrates, the S&P 500 is currently on track for its worst H1 performance since 1932 at the depths of the Great Depression, having shed -22.3% so far this year in total return terms. That just edges out 1962, when the index lost -22.2% over the first six months of the year.

But for those with a traditional 60/40 type portfolio, the news doesn’t get any better, since 10yr Treasuries are currently on track for their worst H1 since 1788.

Globally, bond and stock markets combined have lost a stunning $36 trillion dollars from their peak.