“There may be some warning beginning to seep in on the a part of traders in direction of credit score, given the tight spreads, omicron issues, and the shift within the Fed’s focus from the labor market to inflation,” mentioned Sameer Samana, Wells Fargo Funding Institute senior world market strategist. Within the inventory market, “It’s best to see defensives perk up — it’s no shock staples and utilities are outperforming.”
