Stocks Struggle in The First Week of the Second Quarter
Apr 8, 2022
• 5
Min Read
AAP
+1.2%
AAPL
-0.36%
ALL
-0.85%
AMD
+1.19%
AMT
+2.02%
AMZN
-2.46%
ATVI
AVGO
-4.05%
AXP
0%
BF
CB
+0.11%
CCI
+2.14%
CF
+2.63%
CINF
+1.66%
CMI
-0.4%
CSCO
-1.4%
CVX
+2.06%
DVN
+2.93%
EXR
+3%
GL
+0.34%
GOOGL
-0.08%
GRMN
-1.12%
KLAC
-0.73%
MNST
-0.91%
MPC
+2.98%
MSFT
-2.42%
NVDA
-1.61%
ORLY
+0.41%
PCAR
-1.02%
PG
+1.5%
PM
+3.15%
PSX
+2.68%
PYPL
+1.94%
QCOM
-0.45%
QRVO
+0.81%
TSLA
-1.81%
USB
-1.02%
VRSN
+1.21%
WRB
+1.74%
XOM
+2.89%
The market had a down week in the face of a hawkish tone from several Fed speeches and events that make it look like the bond market may have been more correct than some assumed. Of course, the Fed may be attempting to jawbone the market and it may not end up acting as aggressively as some fear. However, our Head of Global Portfolio Strategy Brian Rauscher has heard from trusted sources Powell has been made a genuine convert to the hawkish side. The hawks took him to the river and dipped him in, so to speak. Of course, the inner workings of the world’s most powerful central bank can be perp...