Excerpt from Yahoo Finance quoting DataTrek co-founder Jessica Rabe:
…. “Recent analysis from DataTrek Research, a market research firm, revealed how the index’s performance this year looks in the larger historical context.
“While there’s still 3 weeks of trading left in May, 2022 has been the worst year-to-date return (-16.3 pct) so far relative to overall down years for the index save 1962,” Jessica Rabe, co-founder of DataTrek Research, wrote in an email newsletter.
Based on past data, it is likely that the index will continue to underperform throughout the year, Rabe noted.
“Even if the S&P were able to recover some losses by the end of this month, it’s likely YTD negative return would still fit the pattern of a down January-May period that’s highly typical for losing S&P years,” she wrote”….
Read the full article here on Yahoo Finance.