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Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3933 Registered: 05-2011 Posted From: 24.164.46.35 Rating: N/A Votes: 0 Posted on Tuesday, January 18, 2022 - 2:43 pm:    Market Briefing: De-risking action hits far and wide The major indices are off their lows, but not by much in what has been a general de-risking effort attributed to angst over rising interest rates and potential earnings disappointments linked to higher expenses, particularly for compensation. The energy sector (-0.3%), which was up as much as 1.6% earlier, has fallen back into red figures, making it a clean sweep of all 11 sectors trading in negative territory. The financial sector (-2.3%), pressured by disappointing earnings results from Goldman Sachs (GS 353.71, -27.23, -7.1%), is the biggest loser followed by information technology (-2.2%). The real estate sector (-0.9%) is the only sector, other than energy, that isn't down at least 1.2%. The de-risking action has manifested itself across all market-cap sizes and various investment factors. Growth stocks remains the weakest factor, but value isn't faring all that well today either. To wit, the Russell 3000 Growth Index is down 2.2% and the Russell 3000 Value Index is down 1.7%. The S&P 500 has dropped further below its 50-day moving average (4679) and the Nasdaq Composite has dropped below its 200-day moving average (14730) in today's action. It remains to be seen if that produces a technically-oriented rally cry to recover some ground, but it just might if long-term rates can settle down. Currently, the 10-yr note yield is at its highs for the day (1.86%). The Dow Jones Industrial Average is down 1.4%; the S&P 500 is down 1.7%; the Nasdaq Composite is down 2.3%; and the Russell 2000 is down 2.7%.