Market Commentary — January 18, 2022

As earnings season gets into high gear, inflation and rate worries continue to weigh on investors. The major US indices recorded their second consecutive weekly loss and the tech-laden NASDAQ posted its third. Financial shares were also under pressure as JP Morgan and Citigroup reported lower fourth-quarter profits. Energy shares rallied on higher oil prices, which have revisited late-October highs.

Also unsettling to investors was Wednesday’s reported 7% increase in CPI, the largest YOY gain since June 1982. Core inflation, excluding food and energy, rose 5.5%, the most since February 1991.

The big news in ETF land was the postponement of February’s Exchange Conference until April 11-14.

At EQM, we launched our Emerging Markets FinTech Index (EMFINQ) last week which provides exposure to public companies in emerging and frontier markets deriving significant revenue from financial technology (FinTech) solutions and applications. Click here for all the index details and read the press release below! An ETF tracking this index is expected in early February.

Hope everyone had a good three-day weekend!

Jane Edmondson
CEO and Co-Founder

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EQM Indexes LLC is a woman-owned firm dedicated to creating and supporting innovative indexes that track growth industries and emerging investment themes. Co-founded by Jane Edmondson, a former Institutional Portfolio Manager with more than 25 years in the investment industry.


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