Morning Ideas December 16, 2021
Good Morning Traders!
FED announced yesterday that it would speed up it's taper of the asset purchases and also likely hike interest rates in 2022.
The market took this as a sign of strength, and we rallied 100 points. After such a move, I don't know that there will be much more follow through just yet. I am leaning more towards sideways today, with an upwards skew.
I don't think it's wrong to be long here into the end of the year, as we will likely continue to push higher into 2022.
FED announced yesterday that it would speed up it's taper of the asset purchases and also likely hike interest rates in 2022.
The market took this as a sign of strength, and we rallied 100 points. After such a move, I don't know that there will be much more follow through just yet. I am leaning more towards sideways today, with an upwards skew.
I don't think it's wrong to be long here into the end of the year, as we will likely continue to push higher into 2022.
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