The first week of trading for 2022 saw a decline in major market indexes following the increases of the last week of December 2021. The $VIX closed higher at 18.76 up from 17.22 on the last day of trading in 2021. The Energy and Financial sectors showed the greatest gains for the past week, all other sectors traded down and Health Care and Information Technology showed the greatest declines.
In economic news, jobless claims rose approximately 7,000 unemployed to a total of 207,000 for the last week of 2021. In contrast, the ADP reported that December was the fastest growth month in hiring in seven months
At the close of trading this week, the RiverTree portfolio was valued at $63,155.97. This is an increase of $466.55 or .74 % from the last day of December when the portfolio was valued at $62,689.42, The portfolio currently includes a cash balance of $26.477.97. There were no new trades during the past week.