Christmas, The Fed, Bull or Bear

January 03, 2024

The Excitement of Christmas may or may not last long

The Stock Market, not unlike Christmas, can often see the gifts costing more before Christmas than after. With this in mind, they are returned when the desire for CASH is more desirable at the time. Especially, with the Federal Reserve minutes not reflecting the bullish perspective anticipated. Thus, a falling market occurs like today and yesterday as sell offs occur. The Media headlines reflect the policymakers lack of conclusive decisions as seen below.

S&P 500 and Nasdaq continue to sell off after Fed's December minutes

Today 2:10 PM ET (MarketWatch)Print

Minutes from central bank's last meeting show policymakers didn't rule out further rate hikes

U.S. stocks remained lower on Wednesday after minutes from the Federal Reserve's December meeting showed that policymakers had a high level of uncertainty around their interest-rate projections and did not rule out further rate hikes.

How stock indexes are trading

The S&P 500 SPX dipped 28 points, or 0.6%, to 4,715.The Dow Jones Industrial Average DJIA fell 192 points, or 0.5%, to 37,522.The Nasdaq Composite COMP eased 140 points, or 1%, to 14,626.

On Tuesday, the Dow rose less than 0.1% to a record close of 37,715.04, while the S&P 500 declined 0.6%, to 4,742.83, and the Nasdaq Composite slumped 1.6% to end at 14,765.94.

-Vivien Lou Chen -Isabel Wang

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January 03, 2024 14:10 ET (19:10 GMT)

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