Stock Market: What to Expect in the Second Half of 2022
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Here's your Money Briefing for Tuesday, July 5th. I'm J.R. Whelan for The Wall Street Journal. Stock portfolios and retirement accounts took a beating in the first half of the year, with markets turning in their worst performance in decades. And with an unsettled economy at home and a war in Eastern Europe that shows no signs of stopping, many investors are wondering where the market is headed in the second half of the year.
Investors right now are a little bit confused, probably a little bit pessimistic and really wondering, you know, how many of these things are permanent and what's temporary right now.
Coming up, Brian Vendig, president of MJP Wealth Advisors, will join us to take the pulse of the current market and tell us what past market declines can tell us about how to think about investing your money going forward. That's after the break.
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Many investors were happy enough to see the first half of the year over with, after the S&P 500 declined by more than 20%. But how are markets likely to perform in the second half?
What is the episode about and who are the participants?
And what does that mean for your personal finances? Let's call on Brian Vendig, president of MJP Wealth Advisors, for some insights. Brian, thanks so much for being with us.
Thanks so much, JR. Happy to be here.
So, you know, Brian, if anyone's followed the market closely for the past few months, it could feel like whiplash. So let's just slow down for a moment and catch us up. What have the past six months meant for investors? You know, not just the big players on Wall Street, but the rest of us trying to build a nest egg.
The start of this year has definitely been one that is unprecedented and probably has created a lot of confusion for investors. I mean, we have a cross current of a bunch of different variables that impact people's lives today. not only fundamentally, but also just inquisitively wondering where things are going to go from a cost of living perspective or a war that's happening in Eastern Europe and trying to relate that back to their portfolios. We haven't seen some things that occurred this year. They haven't happened since the late 60s or even just a handful of times going back to the 1950s. So I think investors right now are a little bit confused, probably a little bit pessimistic and really wondering,
You know, how many of these things are permanent and what's temporary right now?
And higher costs of food and gas and pretty much everything else have been near the top of investors' list of worries for much of the past six months. What kind of a picture is the stock market painting in terms of what we can expect in the next six months?
Well, when we look back on history, I think it's fair to assume, and we've seen it play out as such, that the market is a forward-looking indicator. It processes information, it looks out to the future, trying to assess probabilities of things happening. And we've actually been able to analyze that by looking back at the market going back to 1945.
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