These Are the Stocks That Kept Investors Up at Night in 2022
- Crypto, former pandemic winners and FAANGs had year to forget
- Six megacaps accounted for about half S&P 500’s loss of value
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It’s been a year of historic selloffs for US equities.
Marked by surging inflation, jumbo-sized interest rate hikes, a darkening outlook on corporate earnings and recession clouds, the S&P 500 Index has lost 21%, on pace for its biggest slump since 2008. From crypto to former pandemic winners and so-called FAANG stocks, investors have been shaken out of their profit euphoria, sometimes in the blink of an eye.