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Flash Report June 2022

Market sentiment fluctuated across capital markets amid restrictive Fed policy and growing fears that a recession may be looming. Powell’s testimony pared losses initially; however, the hard-fought gains attained during a shortened trading week were given up as worrisome economic data arrived into month end. June closed out the worst first half-year for equites since 1970 where rare positive returns could be found in China’s delayed COVID rebound, macro trading, and anything leveraged to a strong US dollar.

WRITTEN BY | July 1, 2022

 

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