The Clock is Ticking...

[ETF Daily News]( December 15, 2022 SPONSORED AD [Wall Street Legend: The Top 11 Stocks for 2023]( Louis Navellier’s system has identified 18 stocks that rose 10,000% or higher... and more than 675 stocks that went up 100%... not to mention the No. 1 stock in the S&P 500 each and every year, for a decade, from 2012 to 2021. Now he’s releasing his list of the Top 11 stocks for 2023. [Click here to download this list for free]( [The Clock is Ticking…]( 2:00 PM has come and gone. Not only was that the deadline for me to turn in this article but it was when the Fed finally released the decision on interest rates, which was then followed by a press conference with Chairman Powell. Will this be the catalyst that finally breaks us out of a range? Look at the market today and you be the judge. Yesterday’s CPI looked like it might get it done; a cooler-than-expected number caused the S&P 500 Index to rocket up some 3.4% on the opening bell–remember options were pricing in a 3.1% move–only to beat a hasty retreat and remain range bound for the rest of the day. Retail FOMO buying, institutional selling… Peak inflation is yesterday’s news. The story for 2023 will be economic downturn and earnings decline, which hasn’t been priced in yet at the index level. Looking at the SPY option chain, we see the implied volatility for options expiring on Tuesday and Wednesday are near the 50% mark, the highest reading for any expiration in over six months. It suggests market’s are pricing in a 3.15% move on each day. So, for now, SPY is still stuck in the… [Continue reading at WEALTHPOP.com]( ETF Daily News 1 Pennsylvania Plaza 39th Floor, New York, NY 10119 [Unsubscribe]( - [Unsubscribe Preferences](