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Last week, we discussed the market approaching the 3,750 year-end price target we had established back in August.
With the markets currently "knocking on the door," we will likely reach that target by year-end.
Such is particularly the case with the seasonal "Santa Claus" rally just ahead of us.
Given the high probability of higher prices by year-end as managers "window dress" portfolios for annual performance reports, we increased equity risk this past Tuesday.