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Weekly newsletter |20 May2022| The wobble continues

Aarinder Lidder - May 20, 2022

The wobble continues

Hello and welcome to our weekly newsletter, where I talk about what's been going on in investment markets and what to look out for in the days and weeks ahead.

Fears about sharply rising prices and their impact on consumers hit stock markets globally, with concerns about an economic slowdown resulting in US stock markets recording their biggest one-day drop since the early days of the Covid-19 pandemic. The equity sell-off was sparked by gloomy forecasts from major US retailers, with Target and Walmart issuing warnings on margins. This implied some companies were having difficulty passing on rising costs to already-squeezed consumers. This is negative for corporate margins and therefore profits. To read the full article click here.