Market Update - The Bear Market Continues

The bear market that began at the start of the year continues with all four major markets I follow down over 20% from their peaks.

Interest rates continue to rise.  Mortgage rates broke above 7% while the 10-year US Treasury, just below 4.0%, is near its high in over a decade.

For many weeks, ECRI"s Weekly Leading Index, WLI, had given some hope as it slowly worked higher, but this week saw the reading for 9/30/22 fall off a cliff on the day the markets made their lows for the year. 

ECRI's WLI, WLI Growth Rate & Quarterly GDP Growth Graph. 
$SPX $SPY $DIA $QQQ

US Stock Markets (Log Scale) vs. Fed Funds Rate 

10-Yr & 30-Yr T-Bond Rates vs S&P 500
 $TNX $TYX $SPX $SPY #InterestRates #Treasury Rates

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