Markets End Lower Ahead of Fed Week, November CPI

Fundstrat Direct Team

Good evening,

The chop continues ahead of two significant events on the year-end calendar: the November CPI report releases Tuesday, Dec. 13, and the Federal Reserve’s final meeting in 2022 is Wednesday, Dec. 14. An expected rate decision should dictate how markets end the turbulent year. Will we see a Santa Claus rally once again?

The S&P 500 fell -1.4% on Tuesday, its 59th decline of 1% or more this year. Since 1950, the only years with more +1% declines than 2022: 1974, 2002, 200...

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