Good morning,
Santa didn’t come this year.
The S&P 500 delivered a 0.5% decline in the historically bullish 7-day period and as the old saying goes, “If Santa Claus should fail to call, bears may come to Broad and Wall”.
It definitely isn’t bullish that we couldn’t rally but there are more important things we should be focused on.
You might be thinking about the very obvious head and shoulders pattern shaping up in the S&P 500.
But that isn’t it either…
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