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12/17/2021 |

Market Update Into 12/20: An Extremely Volatile Week

After a strong week last week, the markets experienced a very volatile 5 days with the FOMC events adding to the volatility. Moving into the second half of December, is a Santa rally on the horizon, or will the markets start pricing in Jerome Powell’s comments regarding interest rates and tapering?

Weekend Update


Weekly Analysis

This week, the $SPY ETF closed at $459.87 (-2.3%) after a very volatile week with the Fed news coming out on Wednesday.

$SPY daily and weekly charts.

This week the $QQQ ETF closed at $384.91 (-3.29%) which was a close almost exactly where the previous week opened.

$QQQ daily and weekly charts.

This week the $IWM ETF closed at $215.14 (-2.16%) which was shockingly the lowest weekly percentage loss out of all three discussed in the blog.

$IWM daily and weekly charts.


Top Twitter Posts This Week

$TSLA chart by @RedDogT3 on Twitter.

$GOOGL chart by @rachels_44 on Twitter.

$ABT chart by @G_krupins on Twitter.