highlights Markets sunk with all major indices reporting at least 4.7% down for the week. The Energy sector was the worst performer with oil down below $100 a barrel and the energy sector down 17.1%. The Federal Reserve voted 10 -1 to raise the reserve lending rate 75 bps during Wednesday’s session. The Fed also…
highlights Domestic equities finished modestly lower for the week, reversing some of the gains seen in the prior week, when the S&P 500 and NASDAQ broke seven straight weeks of declines. Following the release of strong economic data, there was some pushback against a potential Fed rate hike pause in September, which had gained traction…
highlights Despite 2022 being the fourth worst start to a year for the S&P 500, stocks snapped their seven week losing streak with all major indexes gaining more than 6%. All 11 sectors closed higher, with defensive sectors such as Healthcare, Utilities, and Real Estate lagging. However, the worst performing sector, Healthcare, still managed to…