Market Update: May 20, 2022
Welcome to the weekly market update from Signature Wealth Management. I’m Brian Ransom, Research Director from Signature Wealth and here’s what happened in the market this week. https://youtu.be/K_M_I_vzqsw This was a particularly nasty week that culminated in a 4% sell-off on Tuesday May 17th. As of this morning, this bear market that began in January is down 18.5% for the S&P. In the news this week, the market is trading like a recession is imminent with indiscriminate selling that has now spread beyond the high volatility tech space. [...]