By: Tom Gentile
on December 15th, 2021
Volatility is still very prevalent in this market.
If one is asked if the market is going to go higher or lower the factious answer would be, Yes.
The catalyst for the impressive bounce back over the past couple of trading days is the current assessment the omicron virus isn’t going to be as big a threat as anticipated. And news that Pfizer is claiming their trio of vaccines has a good chance of combatting it really well.
Should that be the case it would be good news for the markets as evidence of the bounce we experienced with that news coming out. Should the Fed not be as spooked by it and back off of some of their talk of possibly needing to double their tapering and increasing rate hikes next year that could lead to more bullishness.