The stock market opened down Thursday morning and dropped like the frigid temperatures across the U.S.

Heavy selling crushed equities, sending the broader market tumbling toward 2022 lows as the bear market shows no signs of hibernation any time soon.

It’s another case of good news equals bad news for the stock market.

Strong economic news gives way to Fed fear

Recent jobless claims came in lower than expected and the latest third-quarter gross domestic product (GDP) estimate was revised higher.

This included less than expected jobless claims at 216,000 compared to the 225,000 forecasted (and less than 211,00 the previous week). Economic numbers were revised higher with an updated  third-quarter GDP estimate now at 3.2%.

One more economic news event is ahead with November personal consumption expenditures data set for release on Friday.

On Wednesday, the stock market rallied across the board to break up a series of negative sessions over the last week. With such good economic news, why do stock market participants act like a swarm of Grinches and shift gears into fast selling so quickly?

In the market today, the Dow closed at 33,027.49 points to drop 1.05% (losing 348.99 points on the day). The Nasdaq fell to 10,476.12 points for a 2.18% tumble while the S&P 500 crumbled 1.45% to 3,822.39 points.

At one point the Dow was down almost 750 points and the Nasdaq and S&P 500 were down 3.43% and 2.74%, respectively before recovering some of the early losses before the close.

Maybe the downshift today was influenced by the central bank Grinch lounging in consumers’ living rooms, sucking up all the loose change from the couch down to the very last penny.

The Federal Reserve (Fed) remains hawkish in plans to raise federal funds interest rates through 2023 in efforts to curb continually elevated inflation.

Traders reacted to the strong economic news today with a renewed level of fear that a strong economy will prompt the Fed to continue with plans to weaken the economy and bring down inflation.

Hopefully the Fed will unwrap more than a lump of coal on Christmas day.

Avoid turning into ‘Grinchy’ trader next year

Anyone who has attempted to trade in the stock market fully understands the need for learning skills, taking risks, and learning more. At Simpler Trading we understand the time commitment required to trade well.

Our strong desire to help other traders was the foundation of what has evolved into a variety of technical analysis stock chart indicators, training and courses, and live trading sessions during market hours. This foundation centers on the Simpler Options online trading chat room developed years ago to help traders find out more about our team of traders and how they live the trading lifestyle.

Traders across the world have found it valuable to join this online training and trading community and get access to pro-level traders with decades of real-time market experience.

The idea behind Simpler Trading isn’t a bright idea born in a basement last night. Simpler Trading is the vision of John Carter who founded a company more than a decade ago with the sole intent of helping other traders by simplifying the trading lifestyle.

We believe there is no other group of traders like our team. Many other services offer “hypothetical” trades and theories – often with a high level of brash and flash – while our team shares actual trading setups in real-time. Like you, our team is trading with their own money on the line. 

Simpler Trading members of varying experience levels follow the trades from our team during interactive online sessions. Some members even continue to share ideas and chat after hours, learning from others who may hold a different trading plan or aspirations.

There is no “perfect” way to trade. The Simpler Trading team has found that trading mentors are invaluable along the path to gaining trading skills. No one wants to waste time wading through every “next greatest” offer of training, trying to find an experienced trader to guide you in the right direction.

That’s why we put together our team of experienced traders to lead the way.

Why learn the trading lifestyle from a professional?

Still not convinced about learning from seasoned traders?

There is no doubt that this year has been an ongoing “grinchy” season for traders with many watching their capital get taken away like a fairytale villain.

So, for those not ready to risk more money on trading education, Simpler Trading opened an additional online community – a free trading room. This online training chatroom is designed to allow traders to experience the insight from a professional trader during live market hours.

There is no cost to join, and this opens an opportunity to meet our team of traders working to share what they experience daily as stock market retail traders. Gain access today.