I have reported market performance for the last few months in terms of four key assets. Results were conflicting for the latest week. What, if anything does this mean? Could it mean a change in inflation expectations?
The results are presented in the table below. It includes data through the close of markets on October 21, 2022:
Week Ended October 21
|ASSETS||7/26/2022||Last Week||This Week||Week||From 7/26|
Equity markets (DJIA and TECH) performed very well for the week but BONDS continued to slide. This divergence in performance is unusual and worthy of more comment.
I shall provide a deeper discussion on why this divergence might be occurring in a subsequent post.