In this video, we discuss today’s major sell-off as Powell once again spooked the markets by a hawkish overtone. While we did get the much-anticipated rate cut today, the expectation for future rate cuts was reduced and the market was not happy with that. We discuss the fading Santa Rally and look at charts on the indices and market moving stocks. How do we trade this move and has Santa left the building for this year?

With two major events happening this week during the last handful of days in the year-end performance chase, we want to find dips to buy, and FOMC, then OpEx could offer just that opportunity. The path forward for rate cuts is not set as we enter 2025, and the volatility will be high.

It’s always a stock picker’s market and the first ten days of December have shaken up the relative performer uptrends. The other side of the conversation is where the focus must be to avoid symbols that are most likely to underperform.