May 2022 - AMI's Research Team discusses the recent market decline, what is driving it and where things go from here.
The stock market, as defined by the S&P 500, continued to decline in April falling 8.7% after posting a 4.60% decline in the first quarter. In Q1, the market focus was largely on the Russian invasion of Ukraine, with rising commodities a secondary worry. In April, the focus shifted to inflation and the Federal Reserve interest rate hike response that would likely slow the economy and increase recession risk.
Inflation remains elevated with April CPI at 8.1%, leading investors to forecast...