Payne's Perspective: April 18, 2022: Feast or Famine

4/18/2022
By Charles Payne CEO & Principal Analyst

Technology (XLK) stocks took it on the chin while Energy (XLE) rebounded, and investors flocked to defensive sectors. In many ways, growth names held up better than expected, considering the huge spike in the ten-year bond yield last Thursday. Investors are grappling with inflation, the Fed, and the impact on earnings while guessing when the worst will be baked in the cake. The answer is soon.

Performance Update	Week	Year
S&P 500	-2.1%	-7.8%
NASDAQ	-2.6%	-14.7%
Dow Jones Industrials	-0.8%	-5.2%
Oil	+8.3%	+41.4%
Bonds	-0.7%	-7.7%

To read the full report, contact your account representative or email Research@wstreet.com

Charles Payne
Wall Street Strategies

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