Shesa's AUGUST 2022 Investment Blog
AUGUST 2022 - INVESTMENT BLOG By Shesa Nayak Welcome to my investment blog! U.S. Stock Market Commentary What an incredible week it was for the U.S stock market! Stocks roared back with best week since April 2020. Nasdaq had an excellent week bouncing back a spectacular 9% . A quick market recap - after my last blog was published, we further saw a significant pull back in the stock market resulting another new lows for all U.S stock indexes (DOW, S&P and NASDAQ). The second quarter earnings are in full swing. We saw huge number of S&P 500 companies reported their earnings last week, including the tech titans like Apple, Amazon, Google, Microsoft etc. Thus far, earnings have been a mixed bag but much better than what Wall Street expected . However, king dollar (USD) is hurting the exports and the bottom line of major corporations as strong dollar make export expensive. Meanwhile, Fed raised another 0.75% interest rate consecutively two times which...