DJIA Surges!

By Staff Reporters

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The DJIA Briefly surged over 600 points this morning.

WHY DOW?

Inflation data showed the Consumer Price Index rose 0.1% on the month of November, cooler than the expected 0.3% rise. The index rose 7.1% year over year, lower than the 7.3% Econoday estimate.

CITE: https://www.r2library.com/Resource/Title/082610254

In addition, the next meeting Fed meeting kicks off Tuesday with an interest rate decision on Wednesday. While the Fed has already heavily telegraphed a 50-basis-point hike, investors will be looking for further guidance on the Fed’s plans.

Finally, according to the CME’s FedWatch tool, traders place a 79% chance of a 50-basis-point rate hike.

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COMMENTS APPRECIATED

Thank You

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ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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One Response

  1. DOW Down
    Of course it is now trending down-Bummer!
    Lou

    Liked by 1 person

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