Afternoon Note
Powell on Deck
By Charles Payne, CEO & Principal Analyst
12/18/2024 1:12 PM
After the last three FOMC gatherings, semiconductors (SMH) made the most significant move. It was followed by the Technology sector (XLK), silver, and banks.
Chips could have the most significant reaction, which is essential because Micron (MU) reports after the close. The stock is poised to surge.
A disappointment could upend the market.
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Currently, Technology (XLK) acts well, mostly higher on the news for key names in the sector.
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The questions and answers period could be explosive - I have you covered on Fox Business.
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