This Week's Stock Ideas

Monday, December 23, 2023

Good morning everyone, and welcome to all who joined over the weekend!

Last week, the Fed’s hawkish tone rocked markets. Investors were pricing in about four rate cuts for 2025, but Powell mentioned there may be only two cuts next year. While much of this will depend on data, the market was not pleased with the news, and the S&P 500 dropped over 3% that Wednesday. We did see the bulls try to push back on Friday but we don’t believe the selling is done. Since this will be a short trading week and volumes will be lighter than usual, it is important to reduce share size and be more active. Take profits when they are presented.

Check out this week’s trade ideas.

Last week’s sector performance