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Cherry Creek Investments, Inc.
Weekly Market Insights: Markets Weigh Menu of Uncertainty

Weekly Market Insights: Markets Weigh Menu of Uncertainty

| April 05, 2022
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Stocks spent last week digesting the sharp gains of previous weeks as investors assessed a tightening yield curve, the war in Ukraine, and an uncertain outlook for economic growth and inflation.

The Dow Jones Industrial Average slipped 0.12%, while the Standard & Poor’s 500 was flat (+0.06%). The Nasdaq Composite index led, picking up 0.65% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, rose 1.02%.1,2,3

Stocks Pause

Stock prices bounced around following strong gains in two previous weeks as money managers appeared to reposition their portfolios ahead of the first-quarter close. Oil was under pressure all week as prices fell on news that Shanghai imposed a strict lockdown due to COVID infections. President Biden announced a sustained release of oil from the country’s strategic petroleum reserve.

Bond yields reversed their recent climb. The flattening in the yield curve triggered some concerns about economic growth and the possibility of a recession.

Labor Market

With economic growth worries overhanging the market, last week’s employment reports showed continued strong demand for workers. The Job Openings and Labor Turnover Survey reported the number of open positions remained near record highs, with job openings exceeding the number of available workers by a record five million. Afterward, the Automated Data Processing employment report saw private payrolls grow by 455,000 in March, slightly above consensus expectations.4,5

Finally, the government’s monthly jobs report showed that employers added 431,000 jobs in March, lowering the unemployment rate to 3.6%. That’s approaching the 50-year low of 3.5% reached in February 2020.

We are excited to welcome Erin McCright as our newest team member to join Cherry Creek Investment Advisors, Inc.  Erin's brings to the team professional experience in banking, insurance, annuities and brokerage services.  Please feel free to reach out to Erin with any of your questions and/or needs.  She is always happy to help and excited to meet you.  We are sure you are going to love her!

Please don't forget to Save the Date!  Our client appreciation party will be held on Wednesday, July 13th at the Hilton Inverness Hotel with live music, great food and having a wonderful time catching up with good people.  Hope to see you there!

Have a great week!

Trish, Erin and Sean  

Lava falls near Kilauea Volcano, Big Island, Hawaii

Footnotes and Sources


1. The Wall Street Journal, April 1, 2022

2. The Wall Street Journal, April 1, 2022

3. The Wall Street Journal, April 1, 2022

4. CNBC, March 29, 2022

5. CNBC, March 30, 2022

6. The Wall Street Journal, April 1, 2022

7. IRS.gov, September 15, 2021

8. Mindbodygreen.com, June 27, 2012

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The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.

The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.

The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.

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