We are in a recession

[MichMan]

27. Stock market tanked in 2022

Goodbye 2022 – and good riddance. Markets close out their worst year since 2008

Wall Street has said goodbye — and good riddance — to 2022, a year most investors would rather forget.All three major averages were down on Friday, clocking their worst year since 2008 and ended a three-year winning streak.

The Dow fell 73 points, or 0.2% Friday, the last trading day of the year. In 2022, the Dow fell about 9%.

A year of losses for the S&P 500. The top index of US stocks hit an all-time high in January 2022. It was downhill from there. The S&P 500 lost 19.4% over the past 12 months, notching its worst year since 2008.

The Nasdaq Composite Index was down 0.1% Friday, close to its lowest level since July 2020. The tech-heavy index has been battered this year, falling 33%.

https://www.cnn.com/2022/12/30/investing/dow-stock-market-2022/index.html