Euclid Investment Advisory Blog

Review & Analysis at Close September 6, 2022


US Markets continued falling since Fed Chairman Powell spoke August 26 at the Fed's Jackson Hole Economic Symposium.

All US markets continue their Bearish trends and have given back gains since their August 16 high, which turned out to be a Bear market rally.

For the week, all US Sectors fell, including Energy -2.5%. Tech fell the most -3.4%, Utilities the least, -0.05%.

Fixed Income
The 10-year US Treasury Yield closed at 3.340% up from last week's 3.110%. The short-term trend is up and nearing June 14th high of 3.483%.

The 2-year US Treasury closed at 3.40% vs. 3.42% last week. The 2-year yield
appears to be forming a Top. Its upward momentum is waning.

The 10-2 year Yield curve remains inverted, however its negative spread
narrowed to -0.20 vs. last week's -0.30.

Currencies vs. US Dollar: The Euro, in a Bearish trend, closed at 0.993, and appears attempting to make a bottom.

The bullish US Dollar closed at 109.51 vs. last week 108.79 and its very
strong uptrend appears recently to be forming a top.

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