PRU - 5 Laggards For The Week Ending May 13 2022
- Strong selling pressures dominated the markets through the week ending May 13, 2022.
- The DJIA reached new 52-week lows during the week and the S&P inched closer to a bear market.
- Cryptocurrencies were not spared from the selloff, with the sector riled from the collapse of TerraUSD.
- Elevated monthly inflation readings provided no solace to the weary.
- Though disheartening, the selloff has presented a compelling buying opportunity for numerous stocks in a variety of industries.
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5 Laggards For The Week Ending May 13, 2022