Weekly Brief Sheet - 04/07/22

Provides a market round up, a selection of useful data points we use for our investment analysis, and some interesting articles/charts we have noticed recently.





The major indexes surrendered a portion of the previous week’s strong gains, as worries grew that the Federal Reserve’s fight against inflation would push the economy into recession. The S&P 500 Index closed out its worst first half of the year since 1970, as was widely reported, although the decline was amplified by the index reaching its all-time high on January 3. Typically defensive segments within the index, such as utilities and consumer staples, held up best, while consumer discretionary and information technology shares were particularly weak. US markets are slated to be closed on Monday, July 4, in observance of the Independence Day holiday.

The Aussie market finished its first session of the new financial year in the red, with the ASX 200 sliding by 28.2 pts or 0.43 per cent, to 6539.9. Over the week, the ASX 200 finished 0.6 per cent lower. Gains recorded in the Financials, Energy and Utilities sectors were offset by declines in the Materials sector – which posted its fourth straight weekly loss (down 1.7 per cent). Property stocks fell most over the week, shedding 3.0 per cent. Five of 11 sectors finished the week higher.

In economic news, the CoreLogic Home Value Index of national home prices fell by 0.6 per cent in June, the biggest decline in almost two years.

Links:

Google searches for "recession"

Zvi Mowshowitz - Vaccine update

Oldest preserved umbilical scar reveals dinosaurs had ‘belly buttons’

 

Misc. Topical Charts:

5-year breakeven inflation rate
5-year breakeven inflation rate is at the lowest level of this year.
credit spreads widening
High-yield bonds are yielding the most vs investment-grade notes since July 2020

Sectors & Stocks:


Bonds & Fixed Income:


Commodities:


Currencies:



 

DISCLAIMER: This report has been prepared by H&G Investment Management Ltd (ACN 125 580 305; AFSL 317155) to provide you with general information only. In preparing this report, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither H&G Investment Management Ltd nor its related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. You should obtain a copy of the Information Memorandum before making a decision about whether to invest in this product.