The fabled "Santa Rally" in the 7-days following Christmas, is thus far missing in action with declines in two of the three sessions thus far. SPX, now in vicinity of the critical 5900 support zone, risks a deeper decline (to 5700) if this level does not hold. Of note, our equity model portfolio added hedges pre-Christmas.
- An earlier than expected rotation into defensives is in motion.
- Risks from rising yields
- Elevated risks from missing earnings expectations - revisions have been trending down.
.png)
All investments carry risk, for more important information please read this disclaimer.
No items found.
Subscribe to our Insights & Updates
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
%20(8).png)
.jpg)
%20(17).png)
