The first month of the new year was fairly positive for investors as the markets took a break from losses, helping both small investors whose portfolios had been declining for almost a year now and those who never stopped buying more in the first place, such as Cathie Wood and ARK Innovation. Thanks to SEC representatives and their cryptic tone once again, which left some room for room for interpretation and various speculations and provided the market with a tailwind this month.
So far we can only guess what is the final destination of this inflation handling journey, but at some point J. Powell has to show us more of his cards. The showdown might happen sooner than we expect given how close the markets are to their key resistance levels right now.
Key economic data this month: