This post was originally published on TKer.co
It was a rough week in the stock market as the Federal Reserve renewed its commitment to do whatever it takes to bring down inflation, even if it means pain in the economy.
The S&P 500 fell 4.6% to close the week at 3,693.23. The index is now down 23.0% from its January 3 closing high of 4,796.56 and up just 0.7% from its June 16 closing low of 3,666.77.
The global market rout came with surging interest rates and a strengthening dollar.
It’s a big…
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