Financial Week in Review 5/20/22

Global equities up overall as continued US equity weakness diverges from a relief rally in other parts of the world.

USD weakens broadly over week.

Job stock on levels out.

In commodities, food prices continue to move within range while metals back on the rise. Opec crude bounces down from 120 levels though Broad Oil and Gas index still on rising path. Renewables see a bit of life too.

Yield curve flattening continues. Spreads widen further.

Inflation expectations do seem to be moderating.

Sector performance mixed as financials, consumer necessities, transportation and manufacturing seem to be hardest hit. Biotech and healthcare come out well.

In crypto, BTC continues to hover around $30k.

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