S&P 500 Closes Down For The Week After Fed Statement and Ping Pong Between Growth/Value Relative Leadership
Dec 17, 2021
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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.