Weekly Market Commentary
By Andrew Tang
Notes for the Week of May 9, 2022
This week, we received another hot inflation read at 8.3% for the adjusted 12 months with April’s read coming in at 0.3%. Energy is still the highest contributor to inflation, but it is showing signs of stabilization with the latest 3 month’s read at (3.5%, 11%, -2.7%). We remain cautiously optimistic, given the extremes selloff in the stock market where many companies generating decent earnings growth with positive cash flow are looking more and more attractive with reduction of multiples / valuation. These thoughts and much more are discussed in detail within this week’s notes. Click here to read the full report.
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