PLTR
Palantir
-- 80.550 TSLA
Tesla
-- 421.060 NVDA
NVIDIA
-- 134.700 RGTI
Rigetti Computing
-- 9.3700 AMD
Advanced Micro Devices
-- 119.210 
Sticky inflation
Fed announced a rate cut of 25 basis points last week, which was in line with market expectation.
But what shook the market was the Fed's outlook for 2025, which shifted towards the hawkish direction. The Fed had revised their 2025 outlook from 3 rate cuts to 2 rate cuts, totalling 50 bps.
The Fed knows and is acknowledging that inflation is still sticky.
Meanwhile, interestingly, the latest pullback actually puts the market in a better position for a Santa rally as it helped to cool off the overheated market.
But what shook the market was the Fed's outlook for 2025, which shifted towards the hawkish direction. The Fed had revised their 2025 outlook from 3 rate cuts to 2 rate cuts, totalling 50 bps.
The Fed knows and is acknowledging that inflation is still sticky.
Meanwhile, interestingly, the latest pullback actually puts the market in a better position for a Santa rally as it helped to cool off the overheated market.
From YouTube
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