Stock market worries, crypto fallout, and doubts of a Santa Claus rally top week ahead

in hive-108451 •  2 years ago 

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Last week's awful stock market performance has left many wondering whether the fears of a looming recession will finally be realized this week. Investors will be busy trying to locate the signal through all the noise.

Additionally, the decision by the Federal Reserve, under the leadership of Jerome Powell, to raise the interest rate another 50bps did little to bridge the stubborn gap between inflation and the Fed's 2% goal.

Sam Bankman-Fried's arrest last week has seen investors become skeptical of crypto in general, with $6 billion being withdrawn from one FTX competitor, Binance, alone.

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