The Huddle

S&P 500 and RUSSELL 2000 Drop for a Second Straight Week, Jerome Powell says the Fed is Ready to Raise Rates to Tame Inflation, Lael Brainard's Nomination and Makes Comments on Hiking, Lael Brainard's Nomination and Makes Comments on Hiking Inflation, December's Consumer and Producer Price Index Report Released, JPMorgan Reports Q4 Earnings, Taiwan Semi Conductor Reports Q4 Earnings, KB Homes Reports Q4 Earnings, Predicts the Fed will Hike Rates Four Times This Year, Take-Two Interactive Announces Agreement to buy Zynga for $12.7.

Nasdaq 100 and Russell 2000 Lead Stocks Lower, Finish the Week Down, December Jobs Report Shows 3.9% Unemployment, Only 199K Hires, FOMC Meeting Minutes Released, Constellation Brands Reports Q3 Earnings, OPEC+ Agrees to Oil Output Increase in February, More S&P Co’s Report Negative EPS Guidance, According to FactSet, Gamestop to Launch Marketplace for NFT’s, Former Theranos Founder Elizabeth Homles Found Guilty of Fraud and Conspiracy, Airline Stocks Rise Despite Thousands of Flight Cancellations, and Tesla Reports Record Q4 Deliveries

Stocks Close a Strong 2021, AMD's $35B Deal for Xilinx now Expected to Close in Q1 of 2022, Global M&A Volumes Reach Record High in 2021, Surpassing $5T for the First Time, President Biden, Senator Manchin Discussed Social Spending Bill After Manchin's Rejection, Oil Headed For its Largest Annual Gain Since at Least 2016, CDC Announces Changes for COVID-19 Quarantine, Isolation Guidelines, "Spider-Man: No Way Home' Becomes First Pandemic-Era Movie to Surpass $1B, Omicron Halts Hundreds of U.S. Flights Over Christmas, JPMorgan Says Investors Are Too Bearish, Selloff Isn't Coming, and U.S. Holiday Spending Increases at Fastest Pace in 17-Years

Stocks Head into Christmas on a Rally, Senator Manchin Won't Back Democrats $2T Bill, Omicron Variant Accounts for 90% of Covid-19 Cases in Certain parts of the U.S., Omicron Variant Doesn't Shake Goldman Sachs' Bullish 2022 Stock Market Prediction, Nike Reports Q2 Earnings, Paychex Report Q2 Earnings, Tesla's CEO Musk says he has Sold Enough Stock, Electric Truck Maker Nikola to Pay $125M SEC Penalty Over Milton Comments, Disney Chairman Bob Iger Explains why he's Leaving the Company and how he Acquired Pixar, Lucasfilm and Marvel, and Micron Reports Q1 Earnings

Stocks FInish mixed on Friday to Cap a Volatile Week of Price Action, Fed sees Three Interest Hikes in 2022 and Accelerates Bond Taper, FedEx, Lennar, and Adobe Report Earnings. Democrats at Odds About President Biden's $1.75T on Social Spending Bill, Harley-Davidson LiveWire is set to go Public, Produce Prices Rise 7.7% Year over Year, Rivian R1T Named MotorTrend's Truck of the Year, and Annual Changes to the Nasdaq-100 Index Announced

Markets Finish the Week in the Green, Consumer Price Index Increases at the Fastest Pace Since 1982, President Biden Warns President Putin of Strong Response if Russia Invades Ukraine, Evergrande has Defaulted due to its Debt, Job Openings Increase to 11M According to Labor Department, Pandemic Boosts Rich Share of Global Wealth, Jack in the Box is Acquiring Del Taco for $575M, FactSet Reports a Decline in Number of S&P 500 Companies Citing “ESG” on Earnings Calls in Q3 vs. Q2, Broadcom Reports Q4 Earnings, and Costco Reports Q1 Earnings

Stocks End the Week Lower, Fed Chairman Jerome Powell Retires the Word Transitory, Warns Inflation may Keep Rising, OPEC Stands Pat as Oil Continues to Fall, Omicron Could Knock Economic Recovery Off Track, Powell says Fed is Likely to Discuss Speeding up Bond-Buying Taper at December Meeting, Facebook Owner Meta Must Sell Giphy due to Competition Concerns, U.K. Says, Cyber Monday Misses Estimates on Short Supply, Twitter CTO Parag Agrawal set to Replace Jack Dorsey as CEO, Consumer Confidence Declined in November, and Salesforce Reports Q3 Earnings

Stocks Sell Sharply on Black Friday, Jerome Powell will get 2nd term as Fed Chairman, Lael Brainard to become Vice-Chair of the Fed, Shipping Data Provides Insight Into Supply Chain Delays, U.S. Challenges OPEC+ with Release of Oil From Reserves, OPEC+ Warns of Potential Response after U.S. Announcement, Deere & Company Reports Q4 Earnings, Best Buy Reports Q3 Earnings, El Salvador Plans to Create a Bitcoin City and Raise $1B via a Bitcoin Bond, and Zoom Reports Q4 Earnings

Large-Cap Tech Leads while Small Caps Lag in the Stock Market This Week, U.S. Retail Sales Jump by Largest Amount Since March, U.S. House Passes President Biden’s $1.75T Social Spending Bill as it Now Goes to the Senate, President Biden Sign $1T Infrastructure Bill Into Law, Largest Number of S&P 500 Companies Citing Inflation on Q3 Earnings Calls in Over 10-Years, Nvidia Reports Q3 Earnings, Alibaba Reports Q3 Earnings, Applied Materials Reports Q4 Earnings, Home Depot Reports Q3 Earnings, and Employees say Activision’s CEO Bobby Kotick Should Step Down

Basic Materials Shines this Week for the Bulls, U.S. Consumer Prices Increase 6.2% in October, Which is the Largest Inflation Surge in Over 30-Years, S&P 500 Reporting Second Highest Revenue Growth Since 2008, House Passes $1.2T Bipartisan Infrastructure Bill, Disney Reports Q4 Earnings, Coinbase Global Reports Q3 Earnings, Decision Time is Coming for First Spot Bitcoin ETF, General Electric Breaks-off Into 3-Companies, Will Focus on Aviation, Health Care and Energy, Electric Vehicle Start-up Rivian is Valued at $86B After Market Debut, and Elon Musk Sells Close to $5B in Tesla Stock