MARKET DAILY

Market 12/21: Q3/2023 GDP revised down while government spending increases

Stock market recovers after strong sell-off session. Philly Fed survey: New orders plummet, price pressures surge in December.

In the afternoon trading session on 12/20, S&P 500 erased the past 5 days of gains in less than 2 hours.

~$600 billion market cap evaporates from the market

S&P also just ended its 10-day rally as investor sentiment reached extreme greed.

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