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On the SPOT blog (12/22/2022) [M..]

Markets seemed to be brought back to reality today following some news that didn't paint a good picture for first half of next year. Q3 GDP was revised to more than previous value that suggests that US economy is robust enough to withstand quantitative tightening. This good news might give more confidence to Feds for the tight fiscal policy moves to tame inflation. Such type of good news have had an inverse effect on markets this year. If that wasn't enough, Micron reported its quarterly results yesterday that missed revenue and earnings estimates and shared grim outlook for the first half of next year. That has weighed on tech stocks. All three major US indices finished the day in solid red.

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