Market Review and Trends
10 Minutes Weekly Picture: Market Sell Off Remains Relentless, PCE Inflation Numbers Under Spotlight, Trading Ideas: $RADI, $DK (23rd May 2022 – 27th May 2022)
By Jeff Sun Trading  •  May 24, 2022
The S&P 500 fell 3.1% last week, which featured disappointing earnings from major retailers in a market which was already hard hit by worries over inflation, rising interest rates, geopolitical uncertainty stemming from the war in Ukraine, and the prospect of recession. The Nasdaq Composite underperformed with a 3.8% decline, followed by the Dow Jones Industrial Average (-2.9%) and Russell 2000 (-1.1%). This week investors will be looking to Wednesday’s Federal Reserve meeting minutes for more insights on the central bank’s policy response to soaring inflation. Retail earnings will be in the spotlight again. U.S. data on personal income and spending – which contains the Fed’s favored measure of inflation – will be the highlight of the economic calendar. Here’s what you need to know to start your week.
  1. Fed minutes
Investors will be hoping that Wednesday’s Fed minutes can offer some clues about whether the U.S. central bank can curb the most aggressive inflation in four decades without tipping the economy into recession....
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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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