Daily Wrap – The Stock Market Has No Clue That The Fed Just Told Us That They’re Positioning For Recession Fighting

Stocks initially traded in a cautious manner today despite some welcome disinflation seen in the November Producer Price Index. Market participants were not showing a lot of conviction as they waited for the latest policy move by the FOMC. Beyond that, I think we can skip  intraday trade and pick up at the FOMC. From…