Weekly Market Commentary 1/26/22

Stocks are again moving lower to start the week of January 24th.  In addition to inflationary pressures and Fed uncertainty we are likewise dealing with escalating Russia/NATO tensions.  As we outlined in our recent quarterly commentary, geopolitics is a concern of ours, and the escalating tensions with Russia are unfortunately contributing to the recent volatility.

Earnings season is just beginning and has had some early disappointments, particularly in the tech sector. In fact, the technology sector has had a decline in value of more than $1 trillion during this correction. We have discussed the concept of the market being “priced to perfection” and it is not surprising to see what is occurring to companies and sectors that disappoint.

Wells Fargo Advisors Financial Network did not assist in the preparation of this report, and its accuracy and completeness are not guaranteed. The report herein is not a complete analysis of every material fact in respect to any company, industry or security. The opinions expressed here reflect the judgment of the author as of the date of the report and are subject to change without notice. Any market prices are only indications of market values and are subject to change. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Additional information is available upon request. CAR-0122-03863

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