Market Review and Trends
10 Minutes Weekly Picture: S&P Reaches -20% Off Its Peak, Sentiment Swings Between Inflation And Recession, Trading Ideas: $NFE, $SMCI, $AN (16th May 2022 – 20th May 2022)
By Jeff Sun Trading  •  May 17, 2022
It was a tremendous week of market volatility for Wall Street as each of the major indices fell more than 2.0% this week with the market remaining pressured by growth concerns, heightened volatility, and downwards momentum. The Nasdaq Composite lost 2.8%, the Russell 2000 lost 2.6%, the S&P 500 lost 2.4%, and Dow Jones Industrial Average lost 2.1%. Friday’s end of week bounce in equity markets came amid hopes markets are near the bottom, but trouble may not be over yet with investors looking for further clues on the course of Fed monetary policy and monitoring earnings result from big retailers. Crypto investors will also be monitoring the fallout after a massive price collapse. Here’s what you need to know to start your week. 1. Retail earnings Investors will be looking to a spate of retail earnings reports during the week for indications of just how much the cost of living squeeze could be eroding the spending power of consumers....
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By Jeff Sun Trading
Jeff Sun is a independent trader, an accredited investor (Securities and Futures Act, Singapore), and an avid private/public equity real estate, and specialist builder engineering firms investor, with Certified Financial Technician (CFTe) accreditation by the International Federation of Technical Analyst; and graduand of (with distinction) Institute of Trading and Portfolio Management.
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