Good morning and welcome to the weekender for Saturday, June 11, 2022. This weekender is presented in print form. After a few hours with grandkids in what is often our residential petri dish, I contracted a cold with a nasty sore throat. Having lost my voice almost entirely, I opted to do this weekender in print form.
As measured by the S&P 500, US equity markets fell by 5.1%, closing at 3900.86, coming within a whisker of the May 19, 2022 low of 3900.79, Markets fell hard on Thursday in anticipation of Friday’s inflation report. On Friday, markets fell on the fact that inflation continues to be persistent.