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.
For more insights, download our full recap.
<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>
Want more insights like this, sent straight to your inbox?
Subscribe to email updates from Cetera and be well informed about what’s happening within the market and the financial services industry overall.