About this episode
(12/20/21) It's the week before Christmas, and all through the house, we're starting to think Santa is some kind of louse. There are implications from the denial of the Build Back Better Bill, with Goldman reducing economic growth forecasts for 2022 because the resultant extraction of liquidity from the market. This also suggests more pressure on profit margins with high rates of inflation as we head into the new year. Expect light trading during this holiday-shortened week. When will the selling stop? We need to see a support rally over the next couple of days if we're going to see a Santa Claus Rally come into play before Christmas. Technicals would indicate, however, any such action is likely to occur in the last five-days of the month. The first five-days of January also tend to be typically stronger for stocks. But...there are no guarantees. The Fed is talking about hiking interest rates faster than expected, tapering the Fed's balance sheet faster than expected, and with less liquidity anticipated, and higher inflation impacting consumer spending, there are concerns for stocks in the short term. Be careful of making any short-term decisions based upon one day's activity. - Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts -------- Get more info & commentary: https://realinvestmentadvice.com/news... -------- Watch the video version of this report by subscribing to our YouTube channel: https://www.youtube.com/watch?v=ZOx2jh99jPE&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/9816369327340/WN_8UCalLNwRKOiI97F0L7pww -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestme... https://www.linkedin.com/in/realinves... #SantaClausRally #FedTapering #Inflation #LiquidityExtraction #BuildBackBetter #InterestRates #Markets #Money #Investing