ClearWater Market Commentary as of May 20th, 2022
Wall Street continued its weekly losing streak as fears grew that inflation was causing consumers to pull back on discretionary spending, setting the stage for a coming recession.
ClearWater Market Commentary as of May 13th, 2022
Stocks recorded another week of losses, as investors appeared to grow increasingly skeptical that the Federal Reserve will be able to achieve a “soft landing” for the economy by raising rates enough to tame inflation without causing a recession.
ClearWater Market Commentary as of May 6th, 2022
Most of the major benchmarks endured a fifth consecutive week of losses as the interest rate and inflation worries continued to weigh on sentiment, especially toward growth stocks.
ClearWater Market Commentary as of April 29th, 2022
The major indexes endured a fourth consecutive week of losses, as growth fears were compounded by some disappointing earnings results from Amazon.com, which has a heavy weighting in many prominent indexes.
ClearWater Market Commentary as of May 27th, 2022
The large-cap S&P 500 Index and the tech-heavy Nasdaq Composite Index gained ground, breaking a string of seven consecutive weekly declines. Every sector in the S&P 500 advanced, with consumer discretionary and energy stocks performing especially well.