Weekly Stock Bullfinder - Week of 12/5
SUMMARY
- As investors we are faced with a deluge of noisy breaking news, business media talking heads, and what has felt like non-stop Fed speakers offering their differing views on the economy and the path of rate hikes going in 2023.
- This week was no different. Fed Chair Jay Powell was front and center suggesting that interest rate hikes will likely be stepped down to 50bps in the upcoming December Fed meeting in a few weeks.
- This was already discounted and expected by the market and effectively didn’t offer much of anything Wall St. didn’t already know.
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