Largest Weekly Pullback in Seven Months10/04/2021


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Stocks Down Third Week in Four

Despite a Friday bounce back above its 100-day moving average, the S&P 500 posted its largest weekly loss in seven months. The week-ending support restoration was a major, albeit tentative, relief for investors as the moving average has reliably kept selloffs at bay for a decade. Friday’s bargain-buying action follows the biggest monthly loss since March 2020, although the benchmark index eked out a fractional gain for the quarter.

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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.

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