Near term factors:
Long term factors:
FED raising rates
Yield curve inversion
This has officially been the worst December since the great depression for U.S equity markets, with the S&P 500 dropping 7.6% MTD**. The market is looking for a decision on interest rates as well as commentary on what the federal reserve is forecasting for 2019.
The future of the markets rests in the hands of Fed Chairman Powell. His recent comments have the market expecting the worst. This has been the most debated Fed meeting of the year. With a lot of data and bearish news, investors are scratching their heads on where we go from here with or without a rate hike. The release is planned for 2pm CST. Traders are expecting a quarter point increase, anything else would be a surprise on Wednesday.
Equities are in desperate need for dovish news. The market is dancing through the graveyard at the current levels.
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