Weekly Insight | August 24, 2022
Bear Market Rally or New Bull Market?
Equities sold off this week, marking an end to an eight-week run that saw the S&P 500 advance 17%.
Bear Market Rally or New Bull Market?
Equities sold off this week, marking an end to an eight-week run that saw the S&P 500 advance 17%.
Tightening Monetary Policy and Rate Hikes
This week’s release of the Federal Reserve’s (Fed) July meeting minutes drew focus from investors looking to see if any consideration was made by the Fed regarding when it would pivot away from tightening monetary policy and slow down the pace of rate hikes.
Equity Rise Continues as CPI Eases
Equities jumped on Wednesday after the Consumer Price Index (CPI) report for July came in well below expectations. This ended a four-day run of sideways movement that helped enable the Chicago Board Options Exchange Volatility Index (VIX) to bleed lower.
Equity Market Strength Continues
Stocks moved higher this week with the Russell 3000 Index returning 6.2%. This week’s strong showing was a major contributor to the 10.3% return that has been generated since the start of the third quarter.