NYSE CRTR Economy Event Watch the replay →

Moving Markets

NYSE MAC Desk - October 21 Weekly Recap

Heading into the open Friday morning it looked like the recent trend of early week strength fading in the back half of the week would continue. The S&P 500 had fallen in 8 of the last 9 weeks by an average of 1.4%, including a 2.4% selloff last week.

Michael Reinking
By Michael Reinking · October 21, 2022
Share
NYSE MAC Desk - October 21 Weekly Recap

Keep up with what matters in ETFs

Get timely ETF insights, market trends, and top ideas straight to your inbox.

Your newsletter subscriptions with us are subject to ETF Central's Privacy Policy and Terms and Conditions.

STRAIGHT FROM THE TRADING FLOOR

So much for a quiet fall Friday. Heading into the open this morning it looked like the recent trend of early week strength fading in the back half of the week would continue. The S&P 500 had fallen in 8 of the last 9 weeks by an average of 1.4%, including a 2.4% selloff last week. Part of last Friday's weakness was related to concerns about the functioning of the UK Gilt market as the BoE emergency bond buying program was set to end. Those concerns abated on Monday as newly appointed finance minister Hunt said that he would be scrapping much of the fiscal agenda. This coupled with another round of better-than-feared results from financials and a sharp drop in natural gas prices in Europe helped equity markets recoup all of Friday's losses.

Global ETF Survey 2026

The ETF Industry Is Evolving Fast

From AI infrastructure to active strategies, the ETF landscape is shifting. Share your perspective in the 7th Annual Global ETF Survey and get exclusive early access to the final report.

Take the survey

Before I move on let's wrap the UK situation. Earlier this week the BoE announced that it would be moving forward with its QT program at the end of the month but that it would be focused on short/medium term maturities, which had been less effected by the most recent episode of volatility. On Thursday, PM Truss resigned and we should see new leadership next week. Local 10/30yr yields were lower by ~40bps/75bps this week so markets functioned well. What is clear is that the financial markets/”bond vigilantes” have won the day. Assuming that a fiscally conscious candidate emerges next week, this hopefully fades to the background. As I've said before,  this episode is a reminder about the risk of volatility especially in FX/fixed income markets as it exposes leverage in the system often in places you don't expect to find it.

Read the full recap here

Advertisement
ETF U
Become a better investor with NYSE: The Home of ETFs
Visit the ETF U homepage
ETF Guides
Advertisement

Recent educational content

The ETF Show - New Autism-Impact ETF Launched

Asset TV

The ETF Show - New Autism-Impact ETF Launched

Defiance ETFs has launched the first ETF, $ASD, focused on the autism ecosystem, investing in companies that provide services, products, and research related to autism and neurodivergence.

Asset TV
By Asset TV · June 4, 2026
Tidal ETF Industry KPIs

ETF Trends

ETF Industry KPIs June 1, 2026

The ETF Industry saw 22 New Launches, 1 Ticker Change and 1 closure last week.

Tidal
By Tidal · June 1, 2026
Tidal ETF Industry KPIs

ETF Trends

ETF Industry KPIs May 20, 2026

The ETF Industry saw 44 New Launches, 3 Mutual Fund Conversions and 9 closures last week.

Tidal
By Tidal · May 19, 2026
The ETF Show - Politics Becomes Investable Trade through ETFs

Asset TV

The ETF Show - Politics Becomes Investable Trade through ETFs

Dan Weiskopf, Senior Portfolio Manager at Tidal Financial Group spoke with the ETF Show about Subversive ETFs that help investors trade like politicians.

Asset TV
By Asset TV · May 18, 2026

Browse all educational columns

Advertisement
ETF INVESTOR TOOLS

Build and Analyze Your ETF Portfolio Like a Pro

Create your own ETF portfolio in minutes and instantly see allocations, exposures, performance, and risk. Visualize diversification across asset classes, regions, and sectors. Stress-test ideas, compare benchmarks, and refine your strategy with professional-grade analytics.

Portfolio Builder