Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  US Stock Markets Ended May 27, 2022
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

 
After the longest series of weekly drops during the past decade, the S&P 500 rose over 6% last week and 9% from the low last Friday. The index posted its best weekly return since 2020. Almost all other assets rose along with stocks, with only the dollar and cryptocurrencies lagging during the week. Volatility has been rampant during the year as investors cling to every economic release hoping to balance the observed inflation and growth indicators with potential interest rate moves by the Fed. Last week, The Federal Reserve; Bank of Atlanta President Raphael Bostic said policymakers could pause rate hikes in September if two half-point moves were made during the next two meetings. Chairman Jerome Powell added that the two moves in June and July could leave more room for rate increases if inflation data continues to show elevated levels. The Fed's inflation target of 2% has been eclipsed by almost three times as of the last reading. In consumer news, companies are showing a bifurcated consumer with good news coming out of luxury retailers Nordstrom and Williams-Sonoma Inc last week. The prior week, big box stores Target and Wal-Mart showed a slowdown on the lower end of the consumer spectrum as inventory builds and rising costs ate into margins as pricing power moved in favor of the consumer. The rebound in consumer names last week led to the Consumer Discretionary sector being the best performer in the S&P 500, returning over 9%. Looking ahead to next week, the Memorial Day holiday on Monday will close equity markets. Data on factory orders, durable goods, and payroll numbers are all set to be released during the back half of the week.
Posted on Tuesday, May 31, 2022 @ 8:49 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS


 PREVIOUS POSTS
US Economy and Credit Markets Ended May 27, 2022
A Snapshot Of Growth vs. Value Investing (Small-Caps)
A Snapshot Of Bond Valuations
US Stock Markets Ended May 20, 2022
US Economy and Credit Markets Ended May 20, 2022
A Snapshot of Growth vs. Value Investing
A Global Snapshot Of Equity Returns Spanning The COVID-19 Pandemic
US Stock Markets Ended May 13, 2022
US Economy and Credit Markets Ended May 13, 2022
How Defensive Sectors Have Fared During Periods Of Elevated Inflation
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2022 All rights reserved.