So far, 2022 has been an incredibly disappointing year in the stock market. The S&P 500 closed at 3,941.48 on Tuesday, down 17.8% from its January 3 record closing high of 4,796.56. The index is just barely above its May 19 closing low of 3,900.79.

The market is trading at levels that were first breached back in March 2021. As you can see from the chart …