Market Recap 13/12/2021

  • Market Recap 13/12/2021

    Market Recap

    December 13th, 2021


    Stocks rebounded in the strongest weekly gain since February as fears of the Omicron variant receded.  The Dow Jones (4.0%), S&P 500 (3.8%) and Nasdaq (3.6%) all rallied.  The VIX (39.1%) tumbled back to 18


    Growth outperformed value by roughly double the gain.  IT (6.0%) led the markets by a wide margin in a risk-on sentiment, pulled by Apple as the company nears a $3t market-cap.  Consumer discretionary (2.5%), utilities (2.6%), and financials (2.6%) also gained handsomely


    US CPI rose to 6.8% for the last 12 months, the highest since 1982, while Core CPI (excluding the volatile food and energy prices) rose to 4.9%, the highest since 1991.  The US10y (12.6 bps) erased the previous week’s decline and rose back to hover around 1.5%.  The MOVE (6.0%) index declined

    Commodities & FX

    Oil (8.2%) reversed its 5-week declines to settle around $70 as the Omicron impact fears eased.  Gold (0.0%) and silver (1.6%) were little changed, and the USD (0.1%) remained generally muted for the third week vs. major currencies basket

    Last Week's Headlines

    Our Favorite Charts

    Adobe Digital Price Index and the US Consumer Price Index, Year over Year Price Change

    Source: Adobe

    ESG Net Investment Funds Flows

    Source: Bloomberg, Lipper, Morningstar, UN PRI, IMF

    Market Performance


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