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Cetera Weekly Market Recap

June 16, 2022

Second Worst Week of the Year

Inflation Sidelines More Bulls The S&P 500 capped its ninth weekly decline in the last 10 weeks after Friday’s unexpectedly red-hot May CPI reading. The headline consumer price index climbed to 8.6% from a year ago, up from 8.3% for April and 8.5% in March. The increase dashed Wall Street’s hope that inflation had peaked and fueled fears the Federal Reserve may have to respond more aggressively in combatting inflation...

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