Markets in 5 Charts – Week Ending 8/26/22

Watch this weeks review here: https://youtu.be/FeNW8z3db0U

Weekly Headlines: Biden-Harris Student Debt Relief Plan announced on Wednesday, which includes student loan forgiveness up to $20,000 and expansion of grant programs. Markets slid Friday as FED Chairman reiterates inflation as the highest priority for the central bank, ending hopes of policy pivot. US and China reach audit agreement in effort to keep Chinese companies on New York exchanges. In data releases, New Home sales come in lighter than consensus, as do new Durable Goods Orders. Personal Income and Personal Spending growth come in below expectations as well.

Upcoming Data Releases:

https://tradingeconomics.com/calendar

Bonds and equities held steady/gained for most of the week, but Friday selloff takes levels lower on the week. Commodities holding relatively firm.

Dollar strength continues.

In our commodity breakdown, that energy prices are still showing the strongest inflationary trend, and agricultural prices showing price stickiness as well.

US treasury curve sees parallel shift up.

Credit spreads widen.

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