December 2021 Stock Market Outlook Via ForbesAdvisor
The uncertainty makes December particularly important, says Ryan Kelley, chief investment officer of Hennessy Funds. “December really sets us up for next year, and how things play out will let us know how we’re doing coming out of this crisis,” notes Kelley.
To begin the month, expect the stock market’s daily swings to be at the whim of market participants who are trying to make sense of how the omicron variant could derail the reopening of the economy. But the Fed’s meeting mid-month and economic reports, particularly those focused on consumers, may once again steal the spotlight.It’s been almost two years since the first case of the novel coronavirus was detected in the U.S., and investors are worried anew about the omicron variant.
This wait-and-see mentality may apply to learning more about the variant and how various major global economies will respond in terms of restrictions—but markets are impatient. Omicron fears have already rattled, as the S&P 500 tumbled just over 2% on Nov. 26, the day since the variant was classed one of concern by the World Health Organization , marking its biggest slump since February.
“Per usual, changes happen quickly when there’s a new variant that comes out,” Kelley says. Global economies are still in the reopening phase, and omicron could be a setback that makes existing supply chain issues worse, he adds. “It’s not to be underestimated.”isn’t underestimating omicron’s potential, it appears undeterred in its plan to taper bond purchases—and even speed up this effort.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Earthquake, Magnitude 2.9 - CRETE, GREECE - 2021 December 04, 21:17:06 UTCM2.9 earthquake (σεισμός) strikes 20 km SE of Irákleion (Greece) 29 min ago. Read eyewitnesses' stories & share yours:
Weiterlesen »
Earthquake, Magnitude 3.1 - WESTERN TURKEY - 2021 December 04, 19:15:52 UTCMagnitude: ML 3.1, Region: WESTERN TURKEY, Date time: 2021-12-04 19:15:52.2 UTC, Location: 37.94 N ; 28.72 E, Depth: 8 km.
Weiterlesen »
Earthquake, Magnitude 4.7 - TAIWAN REGION - 2021 December 06, 13:05:52 UTCMagnitude: mb 4.7, Region: TAIWAN REGION, Date time: 2021-12-06 13:05:52.5 UTC, Location: 24.87 N ; 122.10 E, Depth: 98 km.
Weiterlesen »
Earthquake, Magnitude 4.7 - TAIWAN REGION - 2021 December 06, 13:05:51 UTCMagnitude: mb 4.7, Region: TAIWAN REGION, Date time: 2021-12-06 13:05:51.8 UTC, Location: 24.88 N ; 122.10 E, Depth: 105 km.
Weiterlesen »
Earthquake, Magnitude 6.0 - NORTH OF HALMAHERA, INDONESIA - 2021 December 04, 23:47:55 UTCMagnitude: Mw 6.0, Region: NORTH OF HALMAHERA, INDONESIA, Date time: 2021-12-04 23:47:55.8 UTC, Location: 4.10 N ; 128.16 E, Depth: 160 km.
Weiterlesen »
Earthquake, Magnitude 2.4 - EASTERN TURKEY - 2021 December 05, 21:50:47 UTCMagnitude: ML 2.4, Region: EASTERN TURKEY, Date time: 2021-12-05 21:50:47.2 UTC, Location: 38.90 N ; 43.49 E, Depth: 7 km.
Weiterlesen »