Markets Have Treacherous, Risk-Off Week, Defensives Rally
Jan 21, 2022
• 5
Min Read
Key Takeaways
The S&P 500 closed at 4,397.94 down from 4,662.85 last Friday . The VIX settled at $28.85, its highest level in a while.The Nasdaq entered correction territory having its worse week since 2020. It seemed to be bouncing on Thursday and promptly reversed at the end of the trading day. Netflix’s slowing growth dragged on it again Friday.Financials had a mixed earnings and have lost almost 5.5% as a sector in 5 days. Energy continued its relative outperformance. Staples, Utilities and Real Estate rallied Friday.The selling has been pretty broad-based this w...