ding ding ding santa claus rally with zero participation gives very good year end close to portfolio mark to market.
Last months ES candle was setup for the bears, they could not close the deal. Had we of had a long red candle that may have called a top
Also this is the week for end of year tax loss selling. This bubble due for selling imho, though I did go long SVXY premkt today
Do you remember what happened the first trading day after X-Mas in 2018? Same thing has happened today. Do you remember what happened for the next month after that? It was a bear spanking. The only difference between then and now is Powell is on the opposite side of the pivot. Rates were already way above 0.25 and kept going up but he then reversed. Now we know rates are going up FROM 0.25 as of the week after Thanksgiving, and he may have to slow it down a bit too! I would say the bulls have a 90% weighting here. Besides, Ken, nobody likes a perma-bear. Y'all suck, because wishing for market downturns means less money for everyone's retirement funds. Why do you wish such hatred on people's nest-egg money?