17 Jan, 2022
Equity Market Weekly Outlook
- The Retail Sales release was especially disappointing as the indicator dropped 1.9% M-o-M in December while the forecasts indicated a mere 0.1% drop
- Since summer 2021, the labor sector has had a peculiar issue: even during a pandemic, the number of open job positions exceeds the number of monthly added payrolls and interested potential employees.
- On Friday, U.S. financial corporations kicked off earnings season. Wells Fargo released the most promising financial results.
- As probability of 4th rate hike in 2022 increased from 0% to 81% in last 10 days and yields on US government bonds increased by almost 4%, growth stocks, mostly consisting technology companies, got hammered.