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[Chart courtesy of MarketWatch.com] This morning, traders were still grappling with Fed Chair Powell’s hawkish comments from yesterday, indicating that he is likely to cut interest rates only twice next year, down from the four reductions forecasted in September. The pressing question now is: what will policymakers do in 2025? If inflation worsens, as I believe it will, they may …

[Chart courtesy of MarketWatch.com] The major indexes edged higher ahead of the Federal Reserve’s interest rate announcement, with the Dow leading the way despite its recent worst performance in 46 years. Although the index is less than 4% below its all-time high, a shift from “old economy” shares to the tech sector pulled the Dow down. This decline was exacerbated …

[Chart courtesy of MarketWatch.com] This morning, the major indexes declined, with the Dow Jones Industrial Average marking its first 9-day losing streak since 1978. This streak began after the index surpassed the 45,000 level for the first time earlier this month. Traders attribute these losses to a rotation from “old” economy stocks to the new technology sector. However, Nvidia, which …

[Chart courtesy of MarketWatch.com] The major indexes started the week on a positive note, with two out of three heading higher, led by the Nasdaq. However, AI chip powerhouse Nvidia did not participate in the upswing and slipped into red territory. The Federal Reserve will commence its final FOMC policy meeting of the year tomorrow, with results to be announced …