Weekly Commentary | December 19, 2021

Macro Picture

The Fed and Omicron fears are fueling some late season volatility.  Stocks ended the week lower shedding 1.8% while the Nasdaq lost 3.1%.  As long-term interest rate expectations have increased, growth stocks have taken a hit.  On Friday, the Nasdaq had hit approximately 7% below its all time high. 

However, the 10-year yield fell on the wee…