Happy Holidays, folks.
December 26th (Boxing Day) happens to be the second most profitable trading day of the year for the S&P over the past 70 years, on average.
We have always been skeptical of averages, however, but Mr. Market doesn’t seem to be.
It does feel Mr. M wants to make a new high in the S&P before year-end at 4818.62, set in January 2022, which is about 1.3 percent from current levels.
A chipshot. Here’s to hoping he doesn’t shank the Santa Claus rally.
We leave you with the best Christmas commercial ever. Check it out.
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