Market Recap – March 18th💰

Market Recap – March 18th

Markets have been shaky off-late with individual days often moving back and forth from green to red. Despite this, the general trend off-late has been bearish considering Ukraine and Russia war. In the last few days, however, this multi-week trend could be reversing. Indeed, last Friday markets the fourth consecutive day of gains for U.S markets, with all major equity indexes also delivering. The S&P 500 not only closed 1.1% higher but posted its first weekly gain in three weeks, rising more than 6% since last Friday. Looking at two specific investments, we’re watching FedEx and Tesla. FedEx’s stock dropped after posting poor quarterly earnings results. The poor results were attributable to rising labor and shipping costs. Tesla is seeing pressure for being over-valued in a market with increasing competition and because of Elon Musk’s business ties to China.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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