news & insights

Back to News & Insights

Apr 04, 2022

March 2022

Equities posted their first winning month of 2022, with the S&P 500 gaining 3.7% and the tech-heavy Nasdaq 3.5%. Utilities led the way in sector performance, rising 10.3%. All sectors with the exception of Financials ended March in the black, and even Financials slipped by only 0.1%. For the year, however, the S&P 500 is down 4.6% while the NASDAQ has fallen 9.0% year-to-date.

Treasury yields continued roaring higher as the Federal Reserve confirmed a series of rate hikes would be coming down the pipe. Most notably, multiple inversions have appeared in the yield curve, with the 3-Year and 5-Year rates rising beyond the 10 and 30-Year yields, the latter pair of which fell slightly in late March. Once again, the 2-Year posted the largest month-over-month yield increase, up to 2.28% from 1.44%. Over in Germany, the country’s long-term rate fell back into negative territory temporarily but ended March yielding 0.62%, its highest yield in four years.

Surprise, surprise. Inflation rose again, now for the sixth straight month, to 7.8%. Oil remained well above $100 per barrel, and the average US Retail Gas Price was $4.33 per gallon as of month’s end. After being beaten down for a couple months, major cryptocurrencies Bitcoin, Ethereum, and Cardano staged a rally in March.

Continue reading: https://get.ycharts.com/monthly-market-wrap-march-2022/





Cerro Pacific Wealth Advisors LLC is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Cerro Pacific Wealth Advisors LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Cerro Pacific Wealth Advisors LLC unless a client service agreement is in place.