ACG’s June 2022 Capital Markets Review

Equity markets in June closed the first half of the year under continued selling pressure, with most indices in technical bear market territory marked by a 20% drop from recent highs.
The S&P 500 is now down -19.96% for the year after falling -8.25% in June.
The Energy sector reversed a trend of outsized performance and was the worst performing sector in the S&P 500 in June, falling -16.8%. All sectors were negative for the month.

Growth and Value stocks performed relatively in-line in June, although the Russell 1000 Value has now eclipsed the Russell 1000 Growth by approximately 15.0% for the year.
Developed International and Emerging Market equities did not provide much respite from domestic weakness in June. The MSCI EAFE and MSCI Emerging Markets indexes fell -9.28% and -6.65% for the month, respectively.
Bond markets continued to struggle in the face of inflation and an increasingly hawkish Fed. The Bloomberg US Aggregate index fell -1.57 in June, and is now down -10.35% for the year.

Sources: Morningstar Direct, MSCI

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