top of page

Weekly Memorandum 3/28/2022

Stocks ended last week on a strong note, and at their highest weekly level since mid-January. Nasdaq led on a percentage-basis too, which is a promising sign, but the inflation-trade continues to reign supreme.

Bond markets were lower as interest rates rose. So long as inflation remains elevated, this will continue to be a headwind for bond prices. The dollar was strong again, and especially against the Japanese Yen. It broke out to multi-year highs.

Crude Oil was higher but other commodities continued to consolidate. Cryptocurrencies put in strong weeks, a sign that we could see a new run in this downtrodden sector. Precious metals had modest rallies too. Cannabis stocks also had an impressive run. Keep an eye on this sector as well.

12 views0 comments

Recent Posts

See All


bottom of page