Stocks Pare Weekly Decline07/18/2022

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July 18, 2022 Recap

Wall Street Sentiment Revives Friday

U.S. equity markets bounced back at the end of a frenzied week, snapping a five-day slide, as investors dialed back expectations for a full 1% July rate hike. Expectations for a larger Fed hike stemmed from a jump in annualized consumer inflation as reported Wednesday (+9.1% year-over-year) and echoed in producer prices on Thursday (+11.3% year-over-year

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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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