Weekly Briefing: 5/8/22
More of the same until inflation peaks and the Fed pivots...
Observations & Cross-Asset Performance
The incessant grind lower continued amid familiar factors and themes. Last week, the Fed hiked policy rates as expected, interest rates moved higher pressuring long-duration assets, and market volatility remained elevated.
Equities and bonds declined, but commodities and the US dollar gained.
For weekly, quarterly, …