Market Notes for 12/19-12/23
Recap of last week: Last week we predicted Monday will be quiet and the market will be sticky to 400/4000 which is what happened until after the FOMC which unpinned it on hawkish statements. Things were looking good for a big rally ahead as CPI came in way under what was projected but Powell poured cold water on the rally and Market took a beating Thursday/Friday. Looks like Powell did not want a crazy end of the year rally on equities which could negatively impact their fight on inflation.
Economic Calendar/Important Earnings for the week:
Monday
Keep reading with a 7-day free trial
Subscribe to TT3’s Newsletter to keep reading this post and get 7 days of free access to the full post archives.