Equity Market Weekly Outlook

17 Jan, 2022
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  • 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.
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