- Santa Claus Rally may be delayed, maybe even to January but it's still coming.
- To my eye, the market is no longer as afraid of inflation as it is about the newly hawkish Powell. The market fears Powell will cause a financial accident.
- Very likely there were margin calls for stocks and crypto. You could practically feel the rush for the exits. When you have to sell, you sell what you have.
- I think there could be more selling this week. The futures are up tonight but tomorrow afternoon if the market reverses, you know more margin calls went out. I am taking a break tomorrow. Maybe you should too.
For further details see:
The Grinch May Steal Our Santa Claus Rally, I Weigh The Factors And My Trades