– US Equities closed the books on 2022 with the worst calendar year return since 2008.
– Battered Tech stocks caused the NASDAQ Composite to finish the year down 32.1%. Energy stocks were up 65.7%.
– After bottoming in July, Latin America managed to finish the year up 9.5%. Meanwhile, China’s bear market continued into its 2nd year, down 22%.
– US Treasuries with long maturities fared worse than stocks, with a negative total return of more than 30%. The dollar climbed 7.9% in 2022.
![Q4 2022 World Wrap](https://www.cypresscapital.com/wp-content/uploads/Research/Reports/2022_Q4-World-Wrap-pdf.png)