The week 10.10.-14.10.2022
16 Oct, 2022

The S&P 500 failed to maintain last week’s performance and recorded its’ seventh negative week out of the past nine.

The monthly inflation report released on Thursday morning sent the S&P 500 2.4% lower just after the opening bell, reaching its lowest point since November 2020, before reversing the course and rising to 3.0% and closing the day up with 2.6%. Despite the FED raising interest rates five times this year, Thursday’s Consumer Price Index indicated that the main factor driving inflation aren’t slowing down. The yearly rate for September decreased to 8.2% from 8.3% in August, however, excluding volatile food and gas prices, core inflation rose to 6.6% - the biggest jump in four decades. On Thursday, the CBOE Volatility Index (VIX), which measures expected swings in the S&P 500,  declined and was down 0.8 points to 32.8 points. Even though the VIX typically surges in times of turmoil, its muted reaction would be a sign that there is little widespread alarm among investors, which might indicate that there is still room for the stocks to tumble.

As the S&P 500 keeps declining, ONE-SIGNAL keeps on performing, closing the week with +2.83% and delivering 65.99% year-to-date.

Tags: Reports,