Markets in 5 Charts – Week Ending 7/29/22

Watch this weeks review here:

Weekly Headlines: FED hikes rates 75 bps. Second consecutive quarter of negative GDP growth in the US. Personal Spending in June comes in high at 1.1%.

Summer market rally continues to power on in spite of US data releases.

Commodity prices up across the board.

Jobs listings crater. Given the 2-week lag in this series, will be very interesting to see how labor market responds to technical recession.

Bit of softening in short end of yield curve, 2-10 remains inverted.

Credit spreads contract on seemingly risk on sentiment.

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