Market Report for Dec 14 2022
On Tuesday the CPI was cooler than expected for November so the markets reacted with gain shortly after the open.
The initial rally most likely was fuelled by positive sentiment and short covering.
Dow Jones Industrial Average was 2.1% up at one stage, over 700 points. With less than 30 minutes of trading in the session, all the markets started to lose steam and closed lower than the impressive start had us believe.
Today we await the FOMC policy decision.
Let’s go trade!