Weekly Briefing 12/12/21 - The Forecast

Weekly Briefing 12/12/21

Weekly Briefing 12/12/21

Trends are headed higher for most major indexes into Q1, with a choppy advance expected into January/February. Exact peak and turn dates will be covered in our Nightly Briefings for Gold Members. Expect volatility following Wednesday’s Fed meeting as markets digest the Fed’s policy signals for the coming months. Tapering pace and expected interest rate increases will be first and foremost on investors’ minds. To become a Gold Member and receive access to our specific forecasts and trade alerts, here is the link to sign up: www.theforecast.co/gold-member-sign-up.
Market Recap:
Stocks rallied this past week as Omicron fears subsided with The WHO/CDC reporting the new variant is present in 30 US states with just one hospitalization and zero deaths. The energy sector has begun to rebound as need for lockdowns appears to be diminishing.
 
Economic data from this past week:
 
JOLTS Jobs Opening: Beat 
 
Michigan Consumer Sentiment: Beat
 
CPI inflation data came in extremely hot, the highest in 40 years
Upcoming economic data for this week:
Producer Price Index PPI on Tuesday
Retail Sales Report and NAHB Housing Market on Wednesday
Housing Starts, PMI, Building Permits on Thursday
Fed Policy Statement Wednesday 2:00pm EST