Weekly Investment Perspective May 10, 2022
May 10, 2022
The stock market finished the first week of May with minor losses, but it was not subtle. The three major indexes started the week with three straight positive sessions, then suffered a sharp selloff after investors decided the Federal Reserve's policy tightening cycle ahead was still very hawkish, even as Chairman Powell took the potential for a 75-basis point rate hikes off the table.