S&P 500 · October 12, 2022
The 2022 inflation bear market
-25.43%
peak-to-trough, the whole slide
195 trading days · 2022-01-03 → 2022-10-12
back to the old high on 2024-01-19
What happened that day?
- From the January 2022 peak to the October low the S&P 500 fell 25.43% — 195 trading days
- There was no single crash day. Months of small slides added up to this
- Pandemic-era money and snarled supply chains pushed inflation to its fastest pace in forty years
- The Fed raised rates very quickly to break it. Higher rates make safe deposits and bonds pay better, which makes risky stocks look worse
- Tech took the worst of it. The more a stock was priced on future growth rather than current profit, the more rates hurt
- The old high came back on 19 January 2024
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.