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…
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