Make-or-Break Chart Potential for Stocks as Inflation Report, Fed on Tap


Prior to the past several trading sessions, the stock market had been trading much better on the long side.

A lower-than-expected inflation report for October coupled with a less-hawkish tone from Fed Chairman Jerome Powell in November twice ignited the market higher over the past month.

Now, investors are grappling with a key question: How much gas is left in the tank?

While the Fed appears likely to be less hawkish moving forward — with forecasts calling for a 0.5-percentage-point rate hike in December rather than 0.75 point — the move would still be hawkish. Further, the Fed plans to maintain a restrictive policy for the foreseeable future.

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