
Over the past week, the S&P 500 is down by 8.7%. There was more damage in the Nasdaq which was down 9.4% and the Russell 2000 which was down 10.7%. Another notable development was the action in Treasury yields. The 2-year yield hit a new high of 3.45% and the 10-Y hit a high of 3.48%.
(Please enjoy this updated version of my weekly commentary published June 16th, 2022 from the POWR Stocks Under $10 newsletter).