Market Update
Market Edge

Market Update – Week of September 12th, 2022

For those still invested, the latter part of the week was a welcome relief over the past few weeks.

S&P500

The S&P500, which is the best gauge of the stock market (500 companies as opposed to 30 companies on the Dow Jones) regained about 1/3 of its losses over the last 3 weeks.

What we observed this week is what’s known as a 'Bear-Market Rally’.

Market Trend

This is a rebound from the market being oversold and, in my opinion, is not indicative of the market trend at the present time.

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