Discussing the major indices, rising geopolitical risk concerns, and the 10-Year Treasury Yield
February 8, 2022
Welcome to Wealth Enhancement & Preservation’s Market Minute, where we get to update you on everything that happened in the financial markets this past week. My name is Helen “Cokie” Cox, and I am a partner and Wealth Advisor at Wealth E&P, as well as the Managing Director of Wealth E&P’s Charleston, South Carolina division.
We have great news to report: last week, all major equity indices finished up for the week. With that said, most of you realize that year-to-date, all of those equity indices are still down. However, they’re all in the single-digit territory, which is much more of a comfortable place to be.
Of notable indicators that we do follow, you may be familiar with our City National Rochdale speedometers. Of those 20 leading economic indicators, one did turn negative in the month of January. You’ll find it to be no surprise that it was the geopolitical risk indicator that is now in the red zone.
Why all of the sell-offs year to date? A notable thing to add for last week’s movement is that we do see the 10-Year Treasury Yield getting close to that 2% range. This is a range that we have not seen since the summer of 2019. With that said, below a 2% range is still a healthy range, but that is causing a lot of unrest in both bond and equity markets.
If you have questions about your portfolio, your risk, the allocation you’re currently in, or any general questions, please feel free to reach out or visit www.wealthep.com. Otherwise, stay tuned for our next Market Minute!
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