FinSyn Insights

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Stocks Have Been Recovering Since June

If you blinked, you may have missed it. But believe it or not, stocks have been recovering since June. This fact has been lost amidst the market mayhem of 2022, and understandably so. People are still seeing red in their investment portfolios, but things have improved.

We still have a long way to go, and there will surely be stumbles along the way, but stocks have seen a huge rebound since June. Let’s take a look at the chart below:

 

stock market recovery

 

Since stocks bottomed on June 16th, they’ve been on a tear upwards:

  • Dow Jones +11.30%
  • S&P 500 +15.03%
  • Nasdaq +20.75%
  • Russell 2000 +19.08% (the graph didn’t update through today)

Stock market rebounds like this can happen swiftly and when you least expect it. We’re certainly not out of the woods yet, but it’s nice to get a little relief from an otherwise rough year.

 

Mike Minter

Mike develops investment portfolio allocations, handles trading and rebalancing, and conducts research and analysis as a Portfolio Manager and Financial Advisor for the firm. As a perpetual student of investing and the markets, Mike considers himself obsessed with the subject. Mike has earned the CERTIFIED FINANCIAL PLANNER™ (CFP®) and Certified Fund Specialist® designations. He is also an active member of the Houston chapter of the Financial Planning Association (FPA).   Read Mike’s Profile HereRead More Articles by Mike

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