To say that the first half of 2022 has been a tumultuous start to the year for investors is an understatement. In the first six months of 2022 the S&P 500 declined by 20.6% while the Tech-heavy Nasdaq index fell by nearly 30%. To put things in perspective, the S&P 500 had its worst first half in more than 50 years. The last time the market suffered these types of losses was in 1970 when the S&P 500 lost 21% in the first half of that year. This happened during a period of high inflation that the current environment has been compared with. The challenging market conditions during the first half of the year were a global phenomenon with several market indices falling between 15-20% across Europe, Developed Asia, and the Emerging Markets.