From the desk of Willie Delwiche.
2022 Is Not 2008 - It Just Looks Like It
The Chart:
In the past quarter century, only 2002 & 2008 have been more volatile than 2022. None have seen less strength beneath the surface than 2022. Other than this year, the only year to see more volatility than strength was 2008.
Why It Matters:
Every year is its own experience, but we can see similarities in market environments over time. The current environment is consistent with past periods of persistent weakness.
