Read the highlights of this week’s commentary from Helios:
The S&P 500 briefly fell into bear market territory during Friday’s trading session before ending the day slightly positive. The S&P has not had a 20% pullback, one that defines a bear market, since the global pandemic in March 2020.
The euro fell to $1.0564 relative to the US dollar this week, inching closer to parity not seen since September 2002. The dollar has been surging in 2022 as demand for dollars has increased, as interest rates in the United States have increased at a greater rate than in the rest of the developed world.
According to data from eeSea, a supply chain advisory firm, only 11% of shipments to North America from Asia arrived on time in May. This is down from 59% in May 2020. This is evidence of continued supply-chain disruptions that are putting a strain on business operations and fueling inflationary data in the US.
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