The week 12.09.-19.09.2022

The major U.S. market indices experienced their largest weekly declines since June after a sudden reversal on Tuesday. The NASDAQ and S&P 500 both declined 5.5% and 4.7%, marking the market’s fourth decline in five weeks. The U.S. Federal Reserve is expected to raise interest rates again soon, and despite a drop in August’s annual rate to 8.3% from 8.5% in July, the release of the Consumer Price Index on Tuesday indicated that the main factors driving inflation aren’t slowing down. When volatile costs for food and gas are excluded, core inflation increased from 5.9% to a higher-than-anticipated 6.3%.
The S&P 500 closed the week down with -5.15%, while One-Signal Xpert posted positive returns with 1.27%. Year-to-date, One-Signal is up 52.37%, while the S&P 500 returned -18.94%.