Weekly Commentary | Oct 23, 2022

Macro Picture

Stocks recorded strong gains on the week with the S&P 500 gaining almost 5% and erasing most of the losses on the month.  It is still down 20.3% on the year. The catalyst were hints that the Fed would 'pause' (not pivot) their pace of interest rate hikes after the December meeting.

Market expectations for the US Federal Reserve’s terminal po…