Weekly Commentary | July 10, 2022

Macro Picture

Stocks had a decent week, especially in the tech sector, erasing much of the prior week's losses as some optimism that the Fed will be able to engineer a soft landing emerged.   The gains pulled the S&P 500 Index out of bear market territory, leaving it down 19.1% from its January peak at the close of trading Friday.  

Sharp declines in comm…