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12/14/21
STOCKS – AAPL
MACRO – SPY, QQQ
- RTM- Post FOMC Update
- RTM: It Broke
- The Market Is Waiting For Something To Break
- RTM- The Bond Market Is Dreaming Of A Recession
- RTM- The Market Might Actual Think The Fed Won’t Taper Faster
- RTM: Stocks Stall Below Resistance
- RTM: The Bond Market Warnings Grow Stronger
- RTM Exclusive: Uber’s Stock May Be Ready To Surge
MICHAEL KRAMER AND CLIENTS OF MOTT CAPITAL OWN AAPL
Stocks rallied sharply following the Fed announcement, with the VIX collapsing after the event risk was removed. It was a mirror image of what we saw last Tuesday. There was not much that was overly bullish from the Fed, raising their outlook for rates by 60 bps to 90 bps in 2022, while 2023 rose by 60 bps 1.3%. So, that was more hawkish than what Fed Fund Futures were pricing in, with December 2022 at 0.725 bps and 2023 at 1.4% as of today’s close. So the Fed was more hawkish than expected for 2022 and higher than where 2023 before the Fed when they were trading around 1.3%. 
S&P 500 (SPY)
But the rally in stocks was purely driven by the move lower in the VIX, as implied volatility levels drop. We see this often these days. It left the S&P 500 trading where it left off on Friday, at 4709.84.
Nasdaq (QQQ)
The Qs rallied more but could not regain as much and remain below crucial resistance at $400.
Apple is a stock that I own, so I am more than happy to see it rise. But the stock managed to retrace to resistance at $179.40. So we can see what happens tomorrow there.
That’s all for today.
Mike
Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future results.
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This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.
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