Reply To: Traders Market Weekly: Embrace the Chaos in 2023

#49883
Truman
Participant

— Thinner holiday trading conditions

— Reacting to conflicting economic data, including the better than expected University of Michigan Consumer Sentiment final reading for December and a November Personal Income and Spending Report that showed no growth in real spending and PCE and core-PCE inflation rates that are still too high

— Mega cap stocks driving index level price action

— S&P 500 found support at 3,800

— Rising Treasury yields