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Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Summary
As we enter the best time of the year for the stock market, from December 19, 2024, to January 2, 2025, we see that the market has not been kind to the economy and many sectors since the last one. November session. Some blame it on selling taxes, which is possible. But there are shares and indices that are going down from all time, or at least 2024 high, so there won’t be any sales tax there. The NYSE index on Tuesday was -1,611 as the rumblings of weak growth continued. The 12-day advance of the NYSE/combined index fell to 39%, one of the weakest readings in the past two years. And, again, the weakest indicators were the NYSE, the S&P 400, and the S&P 600. We’re seeing some interesting Commitment of Traders (COT) data and some confusing data (it just depends on which market). We said earlier that the major hedger index was stable — and when we look at its two components, we find that the S&P 500 and Nasdaq 100 hedgers are all strong because the smart hedgers are at or near that. their fate is very bad. At the same time, the big speculators (hedge funds, momentum junkies) are very high in their future positions.