‘This Is Unusual’: We Just Saw The Biggest Weekly Outflow From U.S. Stocks In Two Years
Everyone's bullish. Even the bears are long.
And why not, right? The GOP just made good on their pledge to deliver a corporate tax cut by the end of 2017 (and God knows a corporate tax cut is definitely what every middle class family asked Santa for this year), the ubiquitous "Goldilocks" narrative that serves as the foundation for everyone's bullish 2018 forecasts is intact, and it kinda seems like Trump will sooner pull a Xi Jinping and make selling illegal before he'll risk an equity drawdow
You need a chart for previous five years for Dec. US equity sells vs. buys to clarify your claim. Otherwise end-of-year portfolio adjustments for taxes clouds Dec. market directions – as I’m sure you are aware.
Yeah, you can’t judge anything by sales the last couple of weeks of the year. Let’s reconvene until this time next month. You’ll have something serious to ponder, if it’s still the case at the end of January.
The word “sales” should have been “selling.”
Also, “until” should have been “at.”
Would you believe me if I told you I let my proofreader leave early for the holidays?
LOL! ah, blame it on the eggnog!