Weekly Commentary | June 12, 2022

Macro Picture

Another hotter than expected inflation report was released on Friday and it sent stocks spiraling lower.  For the week, the S&P 500 fell over 5%, in line with the other averages.  The MSCI EAFE fell the most dropping -7.2%.  EM stocks fared the best at -2.9%.  Recession risk is clearly on the rise.  What was once a 1-in-4 chance of happenin…