This year’s sour stock market made Wall Street bearish for first time since 1999

With just one month to go, 2022 continues to be one of the most punishing years for investors. Dip buyers kept getting lured back by violent bounces, only to see shares drop to fresh lows. Outside commodities, almost every major financial asset lost money. Even trades that once worked as a hedge during market crashes, such as buying put options on the S&P 500, fell flat.

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