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S&P 500 Closes Down For The Week After Fed Statement and Ping Pong Between Growth/Value Relative Leadership

Key Takeaways

  • The S&P 500 closed at 4620.64 which is down from  4712 last Friday. The VIX settled at a pretty tame $21.57.
  • The Fed announced an accelerated tapering schedule this week and will now be done with asset purchases by mid-March, which brought up the expectations for the amount of rate hikes in 2022 to three.
  • The Omicron variant of COVID-19 appears to be highly virulent, but also less severe. 
We still see many indications that the “glass is half full” despite the myriad of risks...

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