Stocks showed mixed results last week as recession fears resurfaced in response to weak economic data and a tepid start to a new corporate earnings season.
Fourth quarter earnings season is underway and probably won’t bring much good news. Lackluster global growth, ongoing profit margin pressures from inflation, and negative currency impacts are likely to translate into a year-over-year decline in S&P 500 Index earnings for the quarter.
Stocks rallied last week thanks to fresh confirmation of inflation’s cooling trend and growing optimism that an inflation slowdown may provide the Fed with space to ease up on future rate hikes.
Here are some of our lessons learned from 2022. As you might imagine, inflation and the Federal Reserve are common themes throughout.
A strong Friday rally triggered by fresh signs of moderating inflation pushed stocks into positive territory to begin the new year.
In a holiday-shortened week, erratic trading left stocks marginally down for the week.
Hawkish comments by the Fed and weak economic data heightened investors’ recession concerns and sent stocks lower last week.
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