Financial News
Assessing the damage
December 04, 2021 at 13:08 PM EST
Stock markets were recently sideswiped by the dual threat of a new Omicron strain of COVID-19 and Jerome Powell's hawkish pivot. Global markets adopted a risk-on tone and the S&P 500 pulled back to test its 50-day moving average.
This week, I assess the damage that these developments have done to the investment climate from several perspectives:
This week, I assess the damage that these developments have done to the investment climate from several perspectives:
- Fundamental and macro;
- Omicron and Federal Reserve monetary policy; and
- Technical analysis.
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