Trick or Trend: The trick is that there is no trend right now

Trick or Trend: The trick is that there is no trend right now

On Wednesday stocks were up as technology shares soared after the Federal Reserve announced that it would cut its bond purchases more quickly than expected and (may) raise interest rates three times before the end of 2022. The logic, I think, to the tech share rally was that these stocks would, again, be able to grow even if the economy as a whole faltered. So that day saw Apple (AAPL) gain 2.85%; Nvidia(NVDA) soared 7.49%, and Palo Alto Network(PANW) climbed 5.42%, to name just three tech stars for the day. Thursday, December 16, the market seemed to have second thoughts.