Week of 12/12-12/16 Stock Market tanks following the FED rate hike

The market did not respond well following the week of the FED's announcement on a half a point rate hike. Both the Nasdaq and the SP500 reported losses at the end of the week and the worst day in the last three months. Recession rumors seem to have taken over the sentiment of the markets and ignited further downfall in markets across the globe. This panic selloff may seem like an investment opportunity but many investors believe this may be the start of a downfall to retest the bottom of 2022. Economists are lowering their GDP forecast for 2023 growth and worse than expected retail sales report have contributed to stocks plunging. Fear Friday is in full effect and additional selling may happen soon since we are entering the holidays for the next two weeks, which indicate lower than average trading volume.