April 10th, 2022 – Weekly Market Summary
Market Uncertainty Continues. . .
The FinViz Weekly is showing us that Defensive is beating Tech. Healthcare surprised us to the upside.
The S&P 500 (SPY) ended the week down -1.52%. Healthcare, Natural Gas, Energy, Uranium, and Gold all outperformed the SPY. Technology, Real Estate, Homebuilders, and Semiconductors underperformed.
BTC ended the week down -8.72%, and is struggling to hold above the 50 day EMA (green).
Interest Rate Watcher
The 2 Year /10 Year Yield Spread started to steepen and is no longer trading inverted for now. The 10Y is up 13.41% for the week and the 2Y is up 2.44%.When the 10 year rate rises faster than the 2 year rate, this is known as steepening.