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Holiday Drift.
Everyone's just waiting on Santa.
Stocks are still "pricing in" tax cuts at the sector level apparently, but the broader market has seemingly entered a pre-holiday drift.
The benchmarks were basically flat on Wall Street although it's worth noting that small-caps have outperformed over the past two sessions:
As a reminder, this year has been lake placid:
From worst to first in December for Telecom and Energy which have lagged all year long but are now outperforming:
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