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Weekly Chartbook

By: Aaron Lang - Portfolio Analyst

December 7, 2021

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Market Performance (YTD)

Source: YCharts
Disclaimer: Past performance is no guarantee of future performance

The State Of The Market

The Fed Chair, Jerome Powell, finally retired the word “transitory” as a way to describe inflation

..Just as the market had finally been giving at least a little credence to the transitory argument

And as the yield curve had been flattening fairly dramatically

And the flattening started right on que with earnings revisions slowing

Side note – earnings growth has been shocking over the years

If the fed hikes, what should we expect? Sometimes stocks go down but often times go up

A lot of stocks have been going down recently.. more than you’d probably think

Tech, most notably non-profitable tech, has seen the most pain

And small-cap, which probably includes most of those non-profitable tech names, has also been a rough place to be recently

Opportunity?

But in a tale as old time, big tech has muted much of these losses if you only look at the main indices

And this is just another lesson that those are really all that matter to the big indices

Charts Of The Week

Disclosure

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