Red-Hot Inflation • Record-Low Confidence • Stocks Dive

June 10, 2022 | Hoya Capital

Red-Hot Inflation • Record-Low Confidence • Stocks Dive Real Estate Daily Recap Jun 10 Written By U.S. equity markets were slammed Friday - dragging the broad-based benchmarks to their worst week since January - after inflation data showed that consumer price pressures remain broad-based and unrelenting. Declining for the ninth week out of the past ten, the S&P 500 dipped 2.9% today, pushing its weekly declines to over 5%. The tech-heavy Nasdaq 100 dipped 3.5%.

Real estate equities were also broadly lower today with the Equity REIT Index declining 2.3% today all 19 property sectors in negative territory while the Mortgage REIT Index declined 1.8%. Peak Inflation? Not Yet. Consumer prices rose at the fastest pace in more than four decades years in May and significantly faster than expected. Remarkably, the cost of food surged over 10% for the first time since March 1981 while energy prices soared 34.6%.

Ongoing concerns over inflation sent the University of Michigan's consumer sentiment index plunging to all-time lows in June. Notably, with the midterm elections now months away, the report showed that sentiment among political independents dropped to the lowest on record. Income Builder Daily Recap We recently launched Hoya Capital Income Builder - a premier income-focused investment research service through Seeking Alpha Marketplace - that will be the new exclusive home of all of Hoya Capital's investment research.

Income Builder focuses on real income-producing asset classes that offer the opportunity for diversification, monthly income, capital appreciation, and inflation hedging. If you're not already on board, give us a try with a completely risk-free two-week trial and take a look around. U.S. equity markets were slammed Friday - dragging the broad-based benchmarks to their worst week since January - after inflation data showed that consumer price pressures remain broad-based and unrelenting.

Declining for the ninth week out of the past ten, the S&P 500 dipped 2.9% today, pushing its weekly declines to over ...