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Weekly Investment Perspective June 14, 2022

June 14, 2022
While blistering summer heat is being felt across the U.S., financial markets are feeling the heat from another upside surprise on inflation. Equity markets tumbled lower last week and are sliding back into bear market territory in this week’s early trading following the May inflation report released on Friday with consumer price growth hitting a fresh 40-year high accompanied by a report of record lows in consumer sentiment from the University of Michigan.