Weekly Commentary | April 17, 2022

Macro Picture

It was a quiet and down holiday-shortened week with the major US markets ending down about 1%.  Small caps did finish up almost 1%.  The S&P is still down about 7% YTD with more growth-oriented markets down more.  Meanwhile, bonds continue to have their worst year since the late 40s with the Barclay's Agg down almost 8%.

Anticipation of a sh…