What A Difference A Week Makes

Published Friday, May 27, 2022 at: 6:22 PM EDT

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Back from the brink of a bear market, the stock market snapped its seven-week losing streak.

The Standard & Poor’s 500 index of blue-chip publicly-held U.S. companies gained +6.37% this past week.

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Just a week ago, the S&P 500 was down -19% and in the throes of the worst losing streak since 2001.

However, according to consensus forecasts of economists, the U.S. is expected to grow by more than +2% in 2022.

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Newly released data on the Federal Reserve’s preferred indicator of inflation, the personal consumption expenditure deflator, indicated inflation eased. In April. Though inflation remains near a 40-year high, strong earnings reports, along with the slowing of inflation, propelled the Standard & Poor’s 500 stock index to close at 4,158.24. The index gained +2.47% from Thursday. The S&P 500 index is up +60.06% from the March 23, 2020, bear market low and down -14.25% from the January 3rd all-time high.


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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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