About this episode
(12/15/22) Fed Reserve CHairman Jerome Powell left no room for misunderstand the FOMC's decidedly hawkish position, raising interest rates another 50-basis points, and promising more to come. Absent the possibility of pivoting, markets responded by selling-off, but holding the 20-DMA. The realization that the Fed is intent on creating higher unemployment and pain in the economy in order to quell inflation brings a new challenge to the 100-DMA. Markets have been trapped in a narrow range between the 10-- and 200-DMA's. $3.2-Trillion in options expirations tomorrow could produce a wide range of possible results. We think 4,150 is the most reasonable target for the S&P between now and year-end. Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our YouTube channel: https://www.youtube.com/watch?v=jSSgD8uPEsU&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 ------- 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/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #FOMCMeeting #Inflation #JeromePowell #Markets #Money #Investing