2022 has been a tough year for investors around the globe as all indices slipped into a bear market. The aggressive rate hikes by the Federal Reserve throughout the year, the Russia-Ukraine war, high inflation and supply chain difficulties after the Covid pressured almost all markets.
Stock indices are all in negative territory for the year. The tech-heavy Nasdaq is the worst performer with losses of up to 32% followed by Hong Kong’s Hang Seng stock index with losses of up to 26%. Eurozone stocks are among the hardest hit by the Russia-Ukraine conflict. Italian stocks are down 24% and Germany’s Dax index is down 23%. Dow Jones and S&P 500 both ended the third quarter with heavy losses, -20 and -24% respectively, as the Fed accelerated the interest rates hike. Nikkei 225 is almost 10% lower. India’s Sensex index is the top performer stock index so far, giving up only 1.42% in the first nine months of 2022.
In the commodities, crude oil is the winner with 5% gains while gold lost 8% and silver 18%.
In forex markets, the U.S. dollar is the king in the room as the once-in-a-lifetime rise in the dollar has shocked global markets. USDJPY is trading 25% higher while EURUSD is 13% lower since the beginning of the year. The Australian dollar is almost 12% against the U.S dollar.
In cryptocurrencies, Monero has outperformed the biggest cryptocurrencies; it has lost 35% of its capitalization. The worst performers are Bitcoin Cash (- 72.55%), Ethereum (-64.52%), Litecoin (-63.73%). Bitcoin has lost 58.37 of it’s market cap.
Here is the markets scorecard:
Dow Jones -20.95%
S&P 500 -24.77%
Nasdaq -32.40%
FTSE 100 -6.65%
DAX -23.74%
CAC 40 -19.44%
FTSE MIB -24.49%
IBEX 35 -15.46%
NIKKEI 225 -9.91%
Hang Seng -26.39%
Sensex -1.42%
Gold -8.86%
Silver -18.58%
Crude Oil +5.69%
EURUSD -13.81%
USDJPY +25.74%
AUDUSD -11.92%
Bitcoin -58.37%
Ethereum -64.52%
XRP -41.65%
Bitcoin Cash – 72.55%
Litecoin -63.73%
Monero -35.77%
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