Recession rally?

The S&P rose 6.5 per cent last week, leaving the index down just 18 per cent from its peak. Nice week. Just a bear market rally, or a sign of real strength?

All the sectors that underperformed the index last week – financials, industrials, materials, energy – are the sort of cyclical stuff you would want to avoid during a recession.
All the sectors that underperformed the index last week – financials, industrials, materials, energy – are the sort of cyclical stuff you would want to avoid during a recession.Foto: Ted Shaffrey/AP/NTB
Publisert 27. June 2022, kl. 13.20Oppdatert 27. June 2022, kl. 13.20