Trimming Gains as Rate Outlook Steepens11/07/2022


Latest - Insights Latest - Insights Latest - Insights Latest - Insights Latest - Insights

November 7, 2022

Stocks Retrace Prior Gains

U.S. stocks ended lower last week after the S&P 500 and Nasdaq Composite previously registered back-to-back weekly gains. The major market news last week was the widely expected 0.75% Fed rate hike to new range of 3.75% - 4.0%. While investors interpreted the Fed Statement as dovish, Fed Chairman Jerome Powell’s press conference comments were decidedly hawkish, including no pause on rate hikes foreseen anytime soon. Market expectations for higher rates steepened towards peak rates of over 5.25% by May 2023.

For more insights, download our full recap.


Latest - InsightsCIM Weekly Recap 110722.pdf Latest - Insights

Latest News - Latest Insight Detail - Subscription

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.

Drop Us a Line

Looking to be part of something more? Get in touch to learn about the benefits of affiliating with Cetera and start taking the next steps to a stronger future.

Account Assistance

If you are a client of a Cetera-affiliated financial professional and need assistance with an existing account, please reach out to your financial professional directly. If you’re unable to reach them, use our direct support lines listed below.

Join the Community

If you’re a financial professional interested in learning more about affiliating with Cetera Financial Group, please complete the form.