Market Report Dec 15 2022

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Market Report for Dec 15 2022

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

The expectation of 50 basis points rate hike from the Fed was accurate and the reaction of immediate selling was not completely unexpected but the market stabilised a little during Powell’s Q&A, although still closed lower for the day, having been higher pre-Powell. The market was probably looking for a less assertive tone during the press conference.

Today’s reaction to yesterday’s news will be the more important one and will indicate a little more about how the market really feels about the environment after having digested the information.

Let’s go trade!