Saturday Review For September 17, 2022

U.S. equities put up a September like week losing between 5.77% (Nasdaq 100 – NDX) and 4.53% (Russell 2000 – RUT) on the week. It is worth noting that this comes on the heels of the first full week of September where major indices all rose so with September half done, month to date performance had the S&P 500 (SPX) down 2.1%, RUT 2.5% lower, and NDX down by 3.3%. VIX continues to perplex the volatility tourists closing just over 27 on the week. We fully expect more, “VIX is broken” articles to come out in the next few days.