Solis Wealth Economic Update – February 7, 2022
Stocks managed to gain ground last week as investors turned their focus to corporate earnings.
Stocks managed to gain ground last week as investors turned their focus to corporate earnings.
An exceptionally volatile week, marked by wide intraday price swings, whipsawed investors with stocks ending higher following a surge to the upside on the final trading day of the week.
Stocks extended their January retreat as worries over inflation and rising bond yields continued to exert downward pressure on prices.
Deteriorating investor enthusiasm for high-valuation growth companies and a mixed start to the fourth-quarter earnings season made for a volatile week.
A jump in yields sparked by a more aggressive sounding Federal Reserve sent the market lower to start the new year.
Stocks closed out the year on a mostly positive note, adding to the year’s gains as concerns about the economic issues of Omicron infections receded.
n this week’s recap: COVID-19 variant clobbers markets. THE WEEK ON WALL STREET News of a new, highly virulent COVID variant triggered a market sell-off
Higher bond yields and a legislative stalemate in Washington, D.C., added up to losses for the week.
Stocks prices were whipsawed last week, dragged initially lower by financial contagion worries and later lifted by a supportive Fed policy statement.
Stocks weakened ahead of this week’s Federal Reserve meeting and amid persistent concerns about the Delta variant’s impact on the economy.
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