Latest Stock Market Analysis for June 17, 2022 – New cycle drawdown lows with no sectors spared
Welcome back everyone to Stock Market Weekly Episode #636 for Friday, June 17, 2022 where we will be breaking down the most important trends, price action, and noteworthy moves across financial markets.
As always, we will share extensive analytics on the S&P500 (SPX), Nasdaq 100 (NDX), Russell 2000 (RUT), and current volatility environments.
In this episode we’ll also be discussing:
- FED hikes 75bps
- New US equity market lows on OPEX week
- Widespread selling no sectors spared
- Is the energy trade over?
- ARKK fails to make new lows
- Biotech showing signs of life
Markets covered: USO IEF TLT UUP ARKK
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