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Weekly Market Wrap | 6 May 2022
By Syfe  •  May 8, 2022
We have seen better days US Equity markets finished the first week of May in the red: S&P 500 and the Dow lost 0.2% over the week while the Nasdaq composite lost 1.5%. US stocks started the week on an optimistic note, recording three straight positive sessions before plunging on Thursday and Friday following the FOMC decision. Investors were nervous about the Fed’s ability to rein in inflation without tipping the economy into a recession.  What spooked the markets?  Russia’s invasion of Ukraine, inflation, stock market volatility, inflation, and rate hikes have all affected investor sentiment negatively. Markets are having a tough time reacting to the removal of support from the Fed, a policy path that has been discussed at length for much longer than last week. According to research from American Association of Individual Investors, the percentage of individual investors describing their six-month outlook for stocks as “bearish” surged...
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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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