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.
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
Please see full disclosures: http://theforecast.co/disclosures
THE FORECAST DOES NOT PROVIDE OR OFFER ANY INDIVIDUALIZED, CUSTOMIZED OR PERSONAL INVESTMENT ADVICE TO ANY INDIVIDUALS OR ENTITIES. AT ALL TIMES, MEMBERS BEAR FULL RESPONSIBILITY FOR FINANCIAL, INVESTMENT AND TRADING DECISIONS. MEMBERS SHOULD SEEK THE ADVICE OF A QUALIFIED INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION.
The Forecast offers information, research, educational content, articles, alerts, bulletins, newsletter items and other conveyances of information that constitute the Services. The Forecast is a publication that is available to the general public via subscriptions. The Forecast provides market commentary, market analysis, and insights, as well as general investment education, and identifies particular trades that it believes will result in gains in value, but it does not provide investment advice, whether customized or otherwise. The Forecast does not owe a fiduciary duty to anyone, and is not aware of any members’ financial situation, risk appetite or other investment preferences or parameters.