Wednesday, December 26, 2018
Fourth Quarter: Will the Santa Claus Rally Come?
Greetings,
As I type this on Christmas Eve day, a quarter of the U.S. Federal Government is shut down, technically unfunded through the balance of the fiscal year ending next September 30th, the S&P 500 Index is down from its all-time high reached on September 21st, the Dow Industrial Average has declined since it’s high on October 3rd. The Russell 200 Index and the Nasdaq Composite Index are in full-blown bear market territory, down from their highs in late August. Will the Santa Claus rally appear?
