July 25, 2022 Recap
Earnings Help Inspire Gains Equities posted their strongest weekly gain in a month, led by strength in cyclical growth companies, extending a comeback after falling into a bear market earlier this year. The S&P 500 ended Friday up nearly 8% from this year’s mid-June low. Investors shifted into risk assets after welcoming better than feared earnings data, stirring hopes that Wall Street’s bear market may or may soon reach a bottom.
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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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