Deutsche Bank says 2022 is shaping up to be one of the worst years on record for financial markets.
The S&P 500 officially hit bear market territory last week and, according to Deutsche Bank, is currently on track for its worst half-year performance since the Great Depression.
“If... The S&P 500 officially hit bear market territory last week and, according to Deutsche Bank, is currently on track for its worst half-year performance since the Great Depression. “If we don’t see a recession materialize over that period it might be tough for markets to continue to be as bearish as they have been, and a bounce back resembling history might be possible,” strategist Jim Reid said in a client note on Tuesday. “However, it’s hard to see markets recovering if we see firm evidence of the recession.
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