Equities Fall a Third Week08/06/2022


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August 6, 2022 Recap

Good Jobs News is Bad News on Rates

U.S. equities posted a third consecutive weekly loss, their longest since mid- June, after a solid August payrolls report on Friday did little to alter views that Fed policymakers will continue to aggressively raise interest rates to fight inflation. Growth stocks led the decline in all three market cap levels, with the tech-heavy Nasdaq Composite capping its first six-day losing streak since August 2019.

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<p><small>The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.</small></p>

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