The stock market has experienced its worst first half of the year in more than 50 years.

As of June 30, the S&P 500 index — which monitors the performance of 500 large public companies — fell more than 21% since the first day of 2022. According to multiple reports, the stock market has not seen a worse six months to begin the year since 1970. As a series of selloffs characterized the month of June, a forecast from investment bank Morgan Stanley indicated that the S&P 500 could drop another 15% to 20%.