S&P 500 & 10 Year Bonds Down Over 10% In 2022
b'"Earnings estimates for the last two quarters and full year 2023 are coming down despite positive revisions in energy. There were five years in which the S&P 500 and 10-year bonds were down: 1931, 1941, 1969, 2018, and 2022. The one year in which the S&P 500 and 10-year bonds were down over 10% was 2022. Bloomberg forecasts a 100% chance of a recession in the next 12 months," says Fred Hubler.'