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Weekly Market Wrap | 21 January 2022
By Syfe  •  January 21, 2022
The week in review Stocks The index of the 100 most actively traded stocks on Nasdaq lost more than 10% since its peak in November 2019, officially entering correction territory. 
While investors offloaded technology stocks, the best performing sectors so far in 2022 are energy, financial services and consumer staples.  Bonds The 10-year US Treasury yield hit a two year high at 1.9%. This shows investors are less willing to accept negative real yields as the Fed’s bond purchase program is set to end in two months’ time. Oil Brent crude prices hit 7-year highs on growing demand and geopolitical tensions in the Middle East and Russia/Ukraine. Bitcoin During the week, Bitcoin fell to 36,000 USD, from a peak of more than 67,000 USD in November 2021.  Highlights Great expectations It seems that investor sentiment has shifted away from growth stocks. This comes after a blockbuster three-year period where the...
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...
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