From the stock market to crypto, a punishing six months for investors
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The S&P 500 was on pace for a 20 percent loss through the end of June after starting the year at an all-time high. It’s the worst start to a year for stocks in decades. Energy is the lone gainer this year among the 11 sectors in the S. 500, buoyed by surging oil and gasoline prices. The Fed has been at the center of the market's downturn, raising its key short-term interest rates three times this year. Technology companies, retailers and other stocks that were big winners during the pandemic have been among the biggest losers this year, including Netflix and Facebook parent Meta-Methetha. Inflation is generally anathema to investors because it erodes the purchasing value of the fixed Source