Last year was an ugly year in markets. How did Fielder do in navigating it for our clients? More importantly, how are we positioning for 2023 onward? The Worst Year Including the carnage in both stocks and bonds, global capital markets lost more in 2022 than in the 2008 Great Financial Crisis and COVID combined. The blended return for stocks and bonds last year was the worst on record dating back to 1872. That makes 2022 “the biggest outlier year in history,” according to