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EFIV - Markets Tumble As Inflation Concerns Grip Wall Street
SPDR S&P 500 ESG
Concerns about inflation adversely impacting the consumer and corporate profitability appeared to drive the weakness.
The consumer staples and consumer discretionary sectors led today’s decline, trading down around 5% and 6%, respectively.
Given the compounding uncertainty from elevated U.S. inflation, higher interest rates, the ongoing war in Ukraine, higher commodity prices and the COVID-19 lockdowns in China, we have set a high bar for adding to risk in portfolios.