Market Commentary — March 21, 2022

Last week’s market rally was historic given it was only the 5th time in market history that the S&P 500 gained at least 1% for 4 consecutive days. According to LPL’s Ryan Detrick, the recent market action is extremely bullish, with the market being up more the 20% each year it occurred, generating an average gain of 28%.

Stocks rallied last week due to multiple factors, ending a two-week losing streak. Falling oil prices, news that Russian debt avoided default and a 25 bps interest rate hike by the Fed, all helped boost market sentiment. The Fed’s rate hike was the first since 2018, signaling the Fed is willing to address inflation concerns.

While February retail sales figures disappointed, even though there was an upward revision for January, unemployment claims fell to a 52-week low, demonstrating continued strength in the labor market.

Treasury yields moved higher on the Fed action, especially on the short end of the yield curve which impacted mortgage rates.

In ETF news, ETF research guru Todd Rosenbluth is leaving CFRA and joining ETF Trends at their Head of ETF Research. Dave Nadig will move to the role of Futurist.

All the best to you in the week ahead!

Jane Edmondson
CEO and Co-Founder

Share this Market Commentary


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.


The information provided on this page is for illustrative purposes only and is not intended to serve as investment advice. The information provided is as of particular time and subject to change at any time without notice.

It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. EQM Indexes does not sponsor, endorse, sell, promote or manage any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. EQM Indexes Indices makes no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. EQM Indexes is not an investment advisor, and makes no representation regarding the advisability of investing in any such investment fund or other investment vehicle. A decision to invest in any such investment fund or other investment vehicle should not be made in reliance on any of the statements set forth in this article. Prospective investors are advised to make an investment in any such fund or other vehicle only after carefully considering the risks associated with investing in such funds, as detailed in an offering memorandum or similar document that is prepared by or on behalf of the issuer of the investment fund or other vehicle. Inclusion of a security within an index is not a recommendation by EQM Indexes to buy, sell, or hold such security, nor is it considered to be investment advice.