Market Report for Dec 16 2022
The economic reports released on Thursday seemed to have added concern to the current and economic climate and looming recession.
After the FOMC rate hike came the BoE and ECB rate hikes in equal measures and disappointing Retail Sales.
There was a broad market sell-off with only 14.84% of our universe of stocks for Thursday finding strength, while all others were negative.
We were aiming to buy into the market yesterday but instead, shorts signals were appearing as the preferred course of action.
Let’s go trade!