Will A Hawkish Fed Return Next Week?

1 year ago
7

(12/6/22) Markets took a tumble back below the 200-DMA as the Fed's own "deep throat," Nick Timiraos of the Wall Street Journal, published comments that the Fed may not only hike rates more aggressively, but are nowhere near a pivot or pause in their monetary policy. The potential for more rate hikes in 2023 sent markets lower. The reality is that the Fed is still raising rates and reducing liquidity. The recent rally was predicated on slowing rate hikes and a change of course by the Fed sooner than later. Deep Throat inferred otherwise. The downtrend line from January remains intact, and resistance levels are holding firm, and we're close to triggering a MACD sell signal. We're expecting a more hawkish tone from the Fed at next week's meeting.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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Articles mentioned in this report:
"The Bull Case Has Two Problems"
https://realinvestmentadvice.com/the-bull-case-has-a-two-problems/
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