Back from the brink of a bear market, the stock market snapped its seven-week losing streak.
The Standard & Poor’s 500 index of blue-chip publicly-held U.S. companies gained +6.37% this past week.
Just a week ago, the S&P 500 was down -19% and in the throes of the worst losing streak since 2001.
However, according to consensus forecasts of economists, the U.S. is expected to grow by more than +2% in 2022.
Newly released data on the Federal Reserve’s preferred indicator of inflation, the personal consumption expenditure deflator, indicated inflation eased. In April. Though inflation remains near a 40-year high, strong earnings reports, along with the slowing of inflation, propelled the Standard & Poor’s 500 stock index to close at 4,158.24. The index gained +2.47% from Thursday. The S&P 500 index is up +60.06% from the March 23, 2020, bear market low and down -14.25% from the January 3rd all-time high.
The Clark Group Asset Management is a registered investment advisory firm located in the heart of Southern California. As professional fiduciaries, we offer unbiased financial advice that is free from the conflicts inherent at many Wall Street firms.
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Securities regulators require financial advisors to state in their public statements that past performance is not indicative of future results because investing is complicated, and nothing is guaranteed. Ironically, however,
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