Since the mid-October lows in the indexes, stocks have rallied sharply on bullish expectations for 2023. These have been based partly on what the Fed may do to temper their rate hikes on the back of falling inflation. This new-found optimism from the depths of
Events and markets are moving very fast now. That is bringing in huge volatility where markets are turning on a dime. Large daily spikes up/down (and vice versa) are now common – such as yesterday’s (Friday) 800-pip spike up and then down roller coaster session in the Dow and the sharp reversal in the euro.