Monthly Archives - December 2022

Markets slid as Rio Tinto targets lithium

15 Dec 2022 - Stocks slid Wednesday as the Fed delivered a widely-anticipated 50 basis point rate hike at the conclusion of its December policy meeting. And Tesla shareholders are becoming increasingly worried that Musk is too distracted by his work at Twitter. The electric carmaker’s stock is down 52 percent this year.

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Falling inflation data supports market rally

14 Dec 2022 - Stocks rose Tuesday after the release of new US inflation data, while traders awaited a key Federal Reserve policy decision. Overnight US consumer price inflation eased more than expected in November to its lowest level in almost a year.

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Stocks lower as retail investors suffer heavy losses in 2022

12 Dec 2022 - Stocks finished lower Friday, with all the major averages posting losses for the week as worries persisted over continued rate hikes. Bloomberg has reported that Investment portfolios owned by individual investors have lost a combined $350 billion this year. The average retail trader’s portfolio is down 30% in 2022, compared to the S&P’s 17% loss - some estimates put the damage as even worse than that - JPMorgan calculates that retail traders are down 38%...

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