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Investment Insights

Summit Snapshot: Week of 3.21.2022

March 21, 2022
  • U.S. stocks snapped a two-week losing streak with the S&P 500 Index rising more than 6%. The gain was
    enough to recover much of the lost ground over the past month.
  • Growth stocks were among the strongest performers but remain behind value shares so far year-to-date.
    Small-caps generally lagged large-caps over the week, although the different market-caps segments are
    more evenly matched so far in 2022
  • Within the S&P 500 Index, the previously beaten down consumer discretionary and IT sectors were the
    top performers. Meanwhile, energy which was the top performer year-to-date was the only negative
    sector over the week. The utilities sector was also a relative laggard.
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Summit Financial, LLC, an SEC registered investment advisor firm, established in November 2018 is a wholly owned subsidiary of Summit Financial Holdings and is the successor firm of all the legacy investment advisory and financial planning business of Summit Equities, Inc. (registered with the SEC in 1991) and Summit Financial Resources, Inc. (registered with the SEC in 1983)