In mid-June as the end of the second quarter approached, the S&P 500 entered a bear market -- a decline of 20% or more from a recent peak. The latest catalyst for the equity market's decline was a higher-than-expected inflation figure, released June 10, showing an 8.6% increase in the consumer price index from May 2021 to May 2022.
Simultaneously, the bond market declined by approximately 11.5% year-to-date through June 17. The rare, simultaneous declines in equity and bond markets have created a challenging environment for investors.
Read the Retirement Market Recap to learn more about the mid-year market states. If you have any questions about retirement plan services, or would like to begin talking to a retirement plan advisor, please get in touch by email or by calling (800) 388-1963.
HANYS Benefit Services is a marketing name of Healthcare Community Securities Corporation, member FINRA/SIPC, and an SEC Registered Investment Advisor. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice.