US stocks logged their best week in a month, driven by oversold conditions and optimism that the Fed will pivot away from higher interest rates by the end of the year. For the week: The S&P 500 (SPY) gained 2.5% on the week and is currently up 9% from the short...
The first half of 2022 is over and for global markets it was a rough ride. Virtually all asset classes saw a sharp turn lower. The S&P 500 (SPY) had its worst first half of the year since 1970, down 21%. ...
Energy has been the best performing sector of 2022. While the S&P 500 (SPY) is down 20% and the NASDAQ 100 (QQQ) has fallen 31%, energy is the only sector that is up on the year, gaining 15%. Take a look at the chart below. However, after an impressive string of...
Inflation is the big story of 2022 and we got another bad reading on Friday. The latest report showed that inflation hit a 41-year high in May. Here are some more details from CNBC. The consumer price index rose 8.6% in May from a year ago, the highest increase since...
Some of the best investment opportunities happen when stocks go through periods of weakness. Most recently we saw that with COVID. In the short run stocks fell sharply in early 2020 because of COVID, but in the long run that turned out to be a good time to buy. This...
2022 has been a tough year for global stocks. How tough? The S&P 500 is off to its worst start since 1939 – that is 83 years ago. The S&P 500 (SPY) is down 13% on the year. The Vanguard Global Stock Market (VT) is down 14% on the year. The tech heavy...
