The Pulse on the Economy and Capital Markets: May 9 – 13, 2022

At a glance:

• This year started out as one of the worst in decades for stock and bond markets as investors worried about growth and rising inflation.

• Riskier segments, such as the Nasdaq and the Russell 2000, experienced a few difficult weeks at the start of the quarter as several well-known companies missed growth targets.

• While commodities, crypto and bitcoin hit significant declines, the bond market rallied for the first time in six weeks as investors are tempted by higher yields. 

• The CPI and PPI data implies year-over-year inflation increases have likely peaked, yet the decline has been slower than expected.

• The costs of shelter for rent and homeownership jumped nationally by 4.9% year-over-year despite a supply and demand problem, especially in warmer states which has seen a spike in population since the pandemic.

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Disclosures

Investment advisory services are offered by Aprio Wealth Management, LLC, a Securities and Exchange Commission Registered Investment Advisor.  Opinions expressed are as of the current date (May 17th, 2022) and subject to change without notice. Aprio Wealth Management, LLC shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions contained herein or their use, which do not constitute investment advice, are provided as of the date written, are provided solely for informational purposes and therefore are not an offer to buy or sell a security. This commentary is for informational purposes only and has not been tailored to suit any individual. References to specific securities or investment options should not be considered an offer to purchase or sell that specific investment.

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