Again, It All Comes Down Oil Prices

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The Broad Market Index was up 6.58% last week and 38% of stocks out-performed the index. Stocks have been performing well (relative to bonds) as high and rising corporate growth in recent quarters makes stocks the only asset with a hope of outperforming inflation. Last week bond yields dropped slightly for the first time since the start of the invasion and bond prices were up. That is a more typical response to lower stock prices and indicates that bonds were useful again as defense against lower company growth. Q1 2022 hedge fund letters, conferences and more Large Inflation GAPThe gap betwee…

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