Wealth Destruction: A Visual Essay

Posted on June 18, 2022 by Rob Hanna

GLD 12% below high and no progress since 2020

AGG 13.4% below high. Back to 3/2019 levels.

SPX 24% below high back to Dec 2020 level

EZU 27% below high back to mid-2017 level

EEM 30% below high. Mid-2017 level

NDX 33% below high back to Aug 2020 level

RUT 32% below high back to mid-2018 level

TLT 35% below high back to mid-2017 level.

Bitcoin down 73% and back to 2017 level.

Wealth destruction.

But if you want to spend it…

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