{"id":1785380,"date":"2022-12-23T16:53:01","date_gmt":"2022-12-23T21:53:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1785380"},"modified":"2022-12-23T17:03:51","modified_gmt":"2022-12-23T22:03:51","slug":"stocks-fall-for-third-straight-week","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stocks-fall-for-third-straight-week\/","title":{"rendered":"Stocks Fall for Third Straight Week"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fstocks-fall-for-third-straight-week%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1785380&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107170789-1671800759723-gettyimages-1451146895-032a0735_e52a7b55-8f87-4faa-8987-1f156d9860dd.jpeg?v=1671806505&#038;w=1920&#038;h=1080\" class=\"ff-og-image-inserted\" alt=\"image\"   style=\"display:none\"><\/div>\n<div class=\"PageBuilder-col-full PageBuilder-col PageBuilder-article\">\n<div class=\"TopBanner-container\" data-top-banner-placeholder=\"true\"><\/div>\n<\/div>\n<div class=\"PageBuilder-col-full PageBuilder-col PageBuilder-article\">\n<div>\n<header class=\"LiveBlogHeader-articleHeader\" id=\"main-article-header\">\n<div class=\"LiveBlogHeader-headerContentContainer\">\n<div class=\"LiveBlogHeader-wrapperHeroNoImage LiveBlogHeader-wrapperHero LiveBlogHeader-wrapper LiveBlogHeader-wrapperNoImage\">\n<div class=\"LiveBlogHeader-timestampAndShareBarContainer\">\n<div class=\"LiveBlogHeader-timeHidden\"><time data-testid=\"lastpublished-timestamp\">Updated Fri, Dec 23 20225:02 PM EST<\/time><\/div>\n<div class=\"SocialShare-socialShare\" data-test=\"SocialShare\" id=\"social-buttons-transporter\"><span class=\"SocialShare-socialShareText\">Share<\/span><button class=\"SocialShare-socialShareButton\" data-test-pro=\"false\" data-test-ic=\"false\"><span class=\"SocialShare-socialShareLabel\">Share Article via Facebook<\/span><\/button><button class=\"SocialShare-socialShareButton\" data-test-pro=\"false\" data-test-ic=\"false\"><span class=\"SocialShare-socialShareLabel\">Share Article via Twitter<\/span><\/button><button class=\"SocialShare-socialShareButton\" data-test-pro=\"false\" data-test-ic=\"false\"><span class=\"SocialShare-socialShareLabel\">Share Article via LinkedIn<\/span><\/button><button class=\"SocialShare-socialShareButton\" data-test-pro=\"false\" data-test-ic=\"false\"><span class=\"SocialShare-socialShareLabel\">Share Article via Email<\/span><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<\/div>\n<\/div>\n<div class=\"PageBuilder-col-9 PageBuilder-col PageBuilder-article\">\n<div class=\"FeaturedContent-articleBody\" id=\"LiveBlogArticle-featuredContent-3\" data-module=\"featuredContent\" data-test=\"featuredContent-0\" data-analytics=\"LiveBlogArticle-featuredContent-3-0\">\n<div class=\"group\">\n<p>The S&#038;P 500 and Nasdaq Composite rose Friday, but still posted a weekly loss as recession fears continue to batter investor sentiment.<\/p>\n<p>The S&#038;P 500 rose 0.6% to 3,844.82, while the and Nasdaq Composite added 0.2% to close at 10,497.86. The Dow Jones Industrial Average closed 176.44 points higher, or 0.5%, to 33,203.93.<\/p>\n<p>The major indexes oscillated earlier in the session after the core personal consumption expenditures price index, the Federal Reserve&#8217;s preferred gauge of inflation, <a href=\"https:\/\/www.cnbc.com\/2022\/12\/22\/stock-market-futures-open-to-close-news.html#\">came in slightly hotter than economists expected<\/a> on a year-over-year basis, indicating that inflation is sticking despite the Fed&#8217;s efforts to fight it.<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"ChartSlate-chartSlateContainer\">\n<h3>Loading chart&#8230;<\/h3>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>&#8220;The economic numbers announced today highlight the difficulty for investors today, where weak numbers bring recession fears and strong numbers bring Fed fear,&#8221; said Louis Navellier, founder and chief investment officer of growth investing firm Navellier &#038; Associates.<\/p>\n<p>&#8220;You just can&#8217;t win right now on macro numbers,&#8221; he added. &#8220;That is\u00a0why it&#8217;s now much more of a stock-picking market, but with all the index and ETF traders even stocks that are executing their business plan well can get pushed around meaningfully by associated losers.&#8221;<\/p>\n<p>The S&#038;P 500 ended the week down about 0.2% for the week, posting its third straight weekly decline. The Nasdaq Composite, meanwhile, lost 2% for the week, also for the third down week in a row. The Dow was the outperformer, posting a 0.9% gain.<\/p>\n<p>Recession fears have resurged recently dashing some investors&#8217; hope for a year-end rally and leading to big losses in December. Investors worry that overtightening from central banks worldwide could force the economy into a downturn.<\/p>\n<p>For December, the S&#038;P 500 has lost 5.8%, while the Dow and Nasdaq have lost more than 4% and 8.5%, respectively. Those are the biggest monthly declines for the major averages since September. Stocks are also on pace for their worst annual performance since 2008.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/12\/23\/sp-500-y-nasdaq-cierran-al-alza-sesin-del-viernes-pero-caen-por-tercera-semana-consecutiva.html\"><em>Lea la cobertura del mercado de hoy en espa\u00f1ol aqu\u00ed.<\/em><\/a><\/p>\n<\/div>\n<\/div>\n<div class=\"LiveBlogBody-articleBody\" id=\"LiveBlogArticle-LiveBlogBody-4\" data-module=\"LiveBlogBody\" data-test=\"liveBlogBody-1\" data-analytics=\"LiveBlogArticle-liveBlogBody-4-1\">\n<div class=\"LiveBlogBody-postContainer\">\n<div id=\"107171037-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">55 Min Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Stocks close higher to end the week<\/h2>\n<div class=\"group\">\n<p>Stocks ended in the green on Friday.<\/p>\n<p>The Dow Jones Industrial Average closed 176 points higher, or 0.5%, to 33,203.93. The S&#038;P 500 rose 0.6% to 3,844.82, while the and Nasdaq Composite added 0.2% to close at 10,497.86.<\/p>\n<p><em>\u2014 Tanaya Macheel<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170951-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">1 Hour Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Needham pulls back 2023 earnings expectations for Meta<\/h2>\n<div class=\"group\">\n<p>Needham lowered earnings estimates for <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\"><a href=\"https:\/\/www.cnbc.com\/quotes\/META\/\">Meta<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span> while keeping its underperform rating for the stock.<\/p>\n<p>The firm is keeping its fourth-quarter revenue and earnings per share estimates, which show year-over-year declines of 10% and 45%, respectively.<\/p>\n<p>For the 2023 fiscal year, Needham lowered its per-share earnings estimate by 17% and its revenue estimate by 5%. Revenue should eek out a 4% year-over-year gain, while earnings per share should drop even further to 15% below the prior year.<\/p>\n<p>Needham also introduced 2024 fiscal year estimates. It expects revenue to come in at 12% over the rolled-back 2023 expectation, while per-share earnings should recover, coming in at 35% higher than the prior year.<\/p>\n<p>Analyst Laura Martin said the company will struggle going forward due to its focus on the Metaverse, which the company does not expect to see returns on investments in until 2030. She said that &#8220;enormous&#8221; spending on its Metaverse platform also suggests the company feels &#8220;existential risks&#8221; to the platforms it already owns, which includes Facebook and Instagram.<\/p>\n<p>&#8220;Near-term, we worry that consensus estimates are too high, based on META&#8217;s promises of higher investments in the Metaverse at the same time it is purposely slowing its revenue growth to better compete with TikTok,&#8221; Martin said in a note to clients. &#8220;We believe that near-term financial discipline is secondary to META&#8217;s long-term vision.&#8221;<\/p>\n<p>The stock has dropped 65% this year.<\/p>\n<p><em>\u2014 Alex Harring<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170976-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">2 Hours Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">The market is \u2018backed into a corner,\u2019 says Independent Advisor Alliance\u2019s Zaccarelli<\/h2>\n<div class=\"group\">\n<p>PCE may be coming down, but it&#8217;s doing as consumers are reducing their spending \u2013 which could mean lower earnings and potentially more pressure for stock, according to Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.<\/p>\n<p>&#8220;At this point the market has been backed into a corner, since more robust spending and higher growth is indirectly bad for the stock market (because it is likely to trigger an even stronger hawkish reaction from the Fed), while slower spending and growth is directly bad for the stock market, because it implies lower corporate earnings,&#8221; he said.<\/p>\n<p>&#8220;It&#8217;s not too late for the Santa Claus rally\u2026 but unfortunately the positive inflation data (e.g. continuing to drop) has been overshadowed by the Fed&#8217;s tough language and the upcoming recession that they&#8217;ve orchestrated with their aggressive rate hikes,&#8221; he added.<\/p>\n<p><em>\u2014 Tanaya Macheel<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170849-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">3 Hours Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Wells Fargo upgrades Charter Communications<\/h2>\n<div class=\"group\">\n<p>With <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/CHTR\/\">Charter Communications<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span>&#8216; network evolution and capital expenditure now &#8220;well understood,&#8221; Wells Fargo has upgraded the stock to equal weight from underweight.<\/p>\n<p>Based on the telecommunication company&#8217;s latest capex guidance, Wells Fargo has boosted its capex estimates for 2023 to $10.7 billion from $9.5 billion. For 2024, it expects $11.5 billion in capex, up from $9.6 billion and in 2026, it has estimated capex at $10.9 billion versus its prior call of $9.5 billion, analyst Steven Cahall wrote in a note Thursday. Meanwhile, the firm&#8217;s free-cash-flow estimates are down by 14% for 2023.<\/p>\n<p>Wells Fargo has lowered its price target to $340 from $370, as earnings growth gets pushed out, he said.<\/p>\n<p>&#8220;However, we think investors now understand CHTR&#8217;s long-term strategy, which should deliver strong FCF growth on the other side of the hump,&#8221; Cahall said. &#8220;The outyears certainly look attractive for FCF if capital spend is stepping way down and subscriber\/EBITDA growth is healthy.&#8221;<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"ChartSlate-chartSlateContainer\">\n<h3>Loading chart&#8230;<\/h3>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><em>\u2014 Michelle Fox<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170935-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">4 Hours Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Stocks making the biggest moves midday<\/h2>\n<div class=\"group\">\n<p>Check out the stocks making the biggest moves midday:<\/p>\n<ul>\n<li><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/GOOGL\/\">Alphabet<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span>\u00a0\u2014 The tech stock gained more than 1% after The National Football League said Thursday that its\u00a0<a href=\"https:\/\/www.cnbc.com\/2022\/12\/22\/nfl-sunday-ticket-youtube-tv.html\">&#8220;Sunday Ticket&#8221; subscription package will go to subsidiary YouTube<\/a>, which is owned by Alphabet,\u00a0starting next season.<\/li>\n<li><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/TSLA\/\">Tesla<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span>\u00a0\u2014 Shares of the electric vehicle maker declined 2% after CEO Elon Musk said that he would hold off on selling any more Tesla stock for the next 18 to 24 months.<\/li>\n<li><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/MMM\/\">3M<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span> \u2014 The stock shed 1.6% after a U.S. judge barred the company from shifting liability to a subsidiary for injuries suffered by military members from allegedly defective earplugs.<\/li>\n<\/ul>\n<p>See the full list <a href=\"https:\/\/www.cnbc.com\/2022\/12\/23\/stocks-making-the-biggest-moves-midday-mission-produce-nutanix-alphabet-tesla-and-more.html\">here<\/a>.<\/p>\n<p><em>\u2014 Alex Harring, Sarah Min<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170927-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">5 Hours Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">The window for a Santa Claus rally is now open<\/h2>\n<div class=\"group\">\n<p>This window for this year&#8217;s &#8220;Santa Claus rally&#8221; \u2013 a period defined as the last five trading days of the year plus the first two trading days of the new year that historically has generated strong market returns \u2013 is officially open as of Friday.<\/p>\n<p>&#8220;Given the challenging year for U.S. equity markets, including what could be one of the worst Decembers for the S&#038;P 500 since 1950, investors are hoping Santa can deliver some positive returns and holiday cheer as we approach year-end,&#8221; said Adam Turnquist, chief technical strategist at LPL Financial.<\/p>\n<p>If the S&#038;P 500 finishes higher during this year&#8217;s Santa Claus rally, it would mark the seventh consecutive period of positive returns, he added.<\/p>\n<p><em>\u2014 Tanaya Macheel<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170799-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">6 Hours Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Daiwa launches coverage of Enphase Energy, SolarEdge Technologies with outperform ratings<\/h2>\n<div class=\"group\">\n<p>Daiwa launched coverage of <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/ENPH\/\">Enphase Energy<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span>, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/SEDG\/\">SolarEdge Technologies<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span> with outperform ratings, saying they&#8217;re best positioned to benefit from growth in the renewable energy technology sector.<\/p>\n<p>Enphase Energy is a buying opportunity in the sector as it has been gaining market share in a duopoly, according to the note.<\/p>\n<p>&#8220;Enphase is a technology leader in solar technology, and we note that it is the only company to make a microinverter solution work at scale and cost successfully,&#8221; analyst Jonathan Kees said in a Thursday note. &#8220;ENPH has been gaining share against its traditional string inverter and hybrid peers while maintaining sector-leading margins.&#8221;<\/p>\n<p>Shares of Enphase Energy are up 63% this year. Still, the analyst&#8217;s $335 price target implies roughly 12% upside from Thursday&#8217;s closing price. The stock is up 1% in Friday premarket trading.<\/p>\n<p>Meanwhile, First Solar has an advantage over other solar manufacturers as it does not use crystalline silicon semiconductors, meaning its supply chain will not be hurt by disruptions in silicon.<\/p>\n<p>&#8220;We look for pullbacks to build a position as FSLR can benefit the most from high demand and regulatory lifts,&#8221; Kees wrote.<\/p>\n<p>Shares surged 80% in 2022. Kees&#8217; $175 price target represents roughly 12% upside for shares of First Solar. The stock is up 1% in Friday premarket trading.<\/p>\n<p><em>\u2014 Sarah Min<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170857-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">7 Hours Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Consumer sentiment improves in December<\/h2>\n<div class=\"group\">\n<p>The University of Michigan&#8217;s consumer sentiment index rose more than expected in December, coming in at 59.7. That&#8217;s above a Dow Jones estimate of 59.1 and up from 56.8 in November.<\/p>\n<p>Surveys of Consumers director Joanne Hsu noted that inflation expectations improved, with consumers now expecting prices to rise 4.4% \u2014 down from 4.9% in November.<\/p>\n<p>Still, Hsu said inflation expectations remain elevated.<\/p>\n<p>&#8220;Declines in short-run inflation expectations were visible across the distribution of age, income, education, as well as political party identification,&#8221; Hsu said. &#8220;At 2.9%, long run inflation expectations have stayed within the narrow, albeit elevated, 2.9-3.1% range for 16 of the last 17 months.&#8221;<\/p>\n<p>&#8220;While the sizable decline in short-run inflation expectations may be welcome news, consumers continued to exhibit substantial uncertainty over the future path of prices,&#8221; she said.<\/p>\n<p><em>\u2014 Fred Imbert<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170843-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">7 Hours Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Stocks open lower<\/h2>\n<div class=\"group\">\n<p>Stocks opened lower on Friday morning.<\/p>\n<p>The Dow Jones Industrial Average was down 36 points to start the day, or 0.1%. The S&#038;P 500 dipped 0.2% and the Nasdaq Composite fell 0.4%.<\/p>\n<p><em>\u2014 Tanaya Macheel<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170803-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">8 Hours Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Fed preferred inflation indicator rises slightly more than expected<\/h2>\n<div class=\"group\">\n<p>The core personal consumption expenditures price index, the Federal Reserve&#8217;s preferred gauge of inflation, rose slightly more than economists expected on a year-over-year basis.<\/p>\n<p>Core PCE climbed 4.7% in November from the year-earlier period, while economists polled by Dow Jones expected a gain of 4.6%. Month over month, the index advanced 0.2%, matching expectations.<\/p>\n<p><em>\u2014 Fred Imbert<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170746-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">9 Hours Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Bearishness in AAII survey reaches 9-week high in latest weekly poll<\/h2>\n<div class=\"group\">\n<p>The degree of bearishness about the short-term direction of the stock market in the <a href=\"https:\/\/www.aaii.com\/sentimentsurvey\" target=\"_blank\" rel=\"noopener\">latest weekly poll conducted by the American Association of Individual Investors<\/a> climbed to 52.3%, a nine-week high, from 44.6% last week.<\/p>\n<p>Bullish sentiment fell to 20.3% from 24.3% last week, while those who said they were neutral on the outlook for stocks dropped to 27.4% from 31.1%.<\/p>\n<p>The AAII said the (-) 32-point spread between bullish and bearish opinion is &#8220;unusually negative.&#8221;<\/p>\n<p>The survey is a contrarian indicator, meaning less risk when bearishness is high and more risk when bullishness is rampant. &#8220;Above-average market returns have often followed unusually low levels of optimism, while below-average market returns have often followed unusually high levels of optimism,&#8221; AAII says.<\/p>\n<p><em>\u2014 Scott Schnipper<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170617-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">22 Hours Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">VIX needs to spike for an end of this bear market, says Fairlead Strategies&#8217; Stockton<\/h2>\n<div class=\"group\">\n<p>Don&#8217;t expect this brutal bear market to reach its end until the <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><a href=\"https:\/\/www.cnbc.com\/quotes\/.VIX\/\">CBOE Volatility Index,<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span> or VIX, spikes, according to Fairlead Strategies&#8217; Katie Stockton.<\/p>\n<p>&#8220;I know it&#8217;s a bit cliche, but in reality, no bear market cycle has ended without a VIX spike,&#8221; the chart analyst told CNBC&#8217;s &#8220;Closing Bell: Overtime&#8221; on Thursday.<\/p>\n<p>Before the cycle reaches its end, she estimates the volatility index will need to hit 48 or more. As of Thursday&#8217;s close, it stood at just under 22. The VIX is an index measuring volatility using S&#038;P 500 options.<\/p>\n<p>Stockton also expects a downtrend to continue going forward, saying that the major indices need to make lower highs and lower lows.<\/p>\n<p><em>\u2014 Samantha Subin<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170631-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">23 Hours Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">The Federal Reserve\u2019s favorite inflation gauge is due Friday<\/h2>\n<div class=\"group\">\n<p>The Bureau of Economic Analysis will issue November&#8217;s personal consumption expenditure report \u2013 the Federal Reserve&#8217;s preferred inflation measure \u2013 on Friday morning.<\/p>\n<p>The core personal consumption expenditures price index, which excludes food and energy prices, is expected to have gained 0.2% in November \u2013 the same increase seen in October, according to economists polled by Dow Jones. On an annual basis, the measure is expected to have climbed by 4.6%, compared to 5.0% in October.<\/p>\n<p>The BEA will also release personal income data. Economists are calling for a 0.3% increase in November, which would be a step down from October&#8217;s gain of 0.7%.<\/p>\n<p>The November data is coming out at a crucial time, reflecting the impact of the Fed&#8217;s six previous interest rate hikes in 2022 as the central bank attempts to cool the economy. Policymakers issued their seventh rate increase on Dec. 14, a hike of 50 basis points.<\/p>\n<p>\u2014 <em>Darla Mercado<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107170627-post\" class=\"LiveBlogBody-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<div class=\"LiveBlogTimestamp-timeHidden\"><time data-testid=\"lastpublished-timestamp\">23 Hours Ago<\/time><\/div>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Stock futures open flat<\/h2>\n<div class=\"group\">\n<p>Stock futures opened flat on Thursday evening.<\/p>\n<p>Futures tied to the Dow Jones Industrial Average dipped 12 points, or 0.04%, while S&#038;P 500 and Nasdaq 100 futures traded flat.<\/p>\n<p><em>\u2014 Samantha Subin<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"PageBuilder-col-9 PageBuilder-col PageBuilder-article\"><\/div>\n<div class=\"PageBuilder-col-12 PageBuilder-col PageBuilder-article\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Updated Fri, Dec 23 20225:02 PM EST ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The S&#038;P 500 and Nasdaq Composite rose Friday, but still posted a weekly loss as recession fears continue to batter investor sentiment. The S&#038;P 500 rose 0.6% to 3,844.82, while the and Nasdaq Composite added &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1785383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[9369,6962,5458,8859,3819,10467,9819,3872,3912],"class_list":["post-1785380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-for","tag-the","tag-bongino","tag-fall","tag-report","tag-stocks","tag-straight","tag-third","tag-week"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1785380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1785380"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1785380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1785383"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1785380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1785380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1785380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}