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Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3786 Registered: 05-2011 Rating: N/A Votes: 0 Posted on Sunday, December 05, 2021 - 5:10 pm:    Last week: 1. Employment situation in November creates opening for monetary policy spin control Unfortunately, the November employment report wasn't a clear-cut report, aside from the fact that it was such a confounding report that it will make it possible to argue for why the Fed should be more aggressive with its policy pivot or why it should take a more conservative approach. The focal point will be the disconnect between the seeming strength in the household survey, from which the unemployment rate is derived, and the reported weakness in the establishment survey, which drives the nonfarm payrolls count. The key takeaway from the report is that it will contribute to the fickle trading action we have seen of late since it didn't provide a clear line on what the Fed should do and when. 2. Growth stocks getting cut down to size Many growth stocks have hit a wall today and are feeling the pain of selling pressure. Several catalysts are accounting for the underperformance relative to the broader market: The shock of DocuSign's (DOCU 139.09, -94.73, -40.5%) disappointing guidance and subsequent selling of the stock, which is putting a lot of investors in high-multiple stocks on notice in terms of how quickly fortunes can turn when high-multiple stocks with high expectations fail to live up to those expectations. Weak-handed holders -- or trapped longs -- bailing out as they get scorched by the change in sentiment. Worries about the Fed pivot and the prospect of high valuations being reined in by rising interest rates. 3.Event Trader: Market Thoughts Growth names remain under selling pressure. The Fed commentary has raised questions around these highly valued areas. There is a lot of retail located in these areas, many levered up with options. This leads to a more aggressive pullback in the group as leverage is taken out of markets. This is house cleaning that was necessary and will eventually lead to a healthier market.