S&P 500 on track for worst start to a year since 1970

Wall Street subway station
(Image credit: Michael Nagle/Bloomberg via Getty Images)

The S&P 500 hasn't performed this badly in the first six months of a year since 1970, The Wall Street Journal reported Wednesday. Since the beginning of 2022, the index has dropped nearly 20 percent.

And things could still get worse. "The question is when we hit a market bottom and when we get that turning point, and it's not necessarily straight away," Eloise Goulder of JPMorgan Chase told the Journal.

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Grayson Quay

Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-GazetteModern AgeThe American ConservativeThe Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.