From the Market Ear:
We haven’t had this many down days of 1% or more since 2008. In terms of both up & down volatility, December has actually not been that extreme. It only ranks tied for 10th in terms of the most 1%+ daily moves (since 1952).
The biggest “delta” worked well this year
Fed’s BS remains the “biggest delta” out there. Markets topped out just when the BS “delta” rolled over late last year. Let’s see how next year develops….NASDAQ vs Fed BS rate of change.
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