Phil Mickelson at U.S. Open after Saudi event

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2022 Has Been Rough for Major Indexes. Here’s Why I’m Not Worried.

After rallying from their early 2020 pandemic lows to new peaks this winter, the three most popular U.S. stock market indexes have tumbled this year — so much so that people are wondering if this is the beginning of another recession. As of June 9, the S&P 500 was down 16% year to date, the Nasdaq Composite was down 25%, and the Dow Jones Industrial Average was down 11%. Stock market corrections and bear markets are inevitable.