CNBC Investing Club

Investing Club: The week in review, the week ahead — April 8, 2022

Federal Reserve Board Governor Lael Brainard testifies before a Senate Banking Committee hearing on her nomination to be vice-chair of the Federal Reserve, on Capitol Hill in Washington, U.S., January 13, 2022.
Elizabeth Frantz | Reuters

Stocks were up slightly on Friday, but down for the week as investors reacted to a more aggressive stance from the Federal Reserve.

The S&P 500 — and to an even greater extent the tech-heavy Nasdaq — pulled back for the week. The rebound in growth faded with investors taking a more cautious stance heading into the first week of earnings season Monday.

Adding to that defensive posture were very hawkish comments from previously dovish Fed Governor Lael Brainard, Federal Open Market Committee minutes that point to Federal Reserve balance sheet reductions of as much as $95 billion per month starting in May, and Deutsche Bank coming out this week as the first major bank to predict a US recession in 2023.

More In CNBC Investing Club Newsletter

CNBC Investing ClubNew analyst reports support our view of Constellation as a great defensive play
CNBC Investing ClubWall Street notes on Apple, Qualcomm highlight the long-term opportunities in those stocks
CNBC Investing ClubTuesday's market bounce allows us to raise some cash to buy in the next downturn