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SPY now up 3.5% since the Chairman's Christmas present. Volume light, but we'll take it. SPY up nearly 32% YTD. How nice is that?
AGG dropped fractionally again. Still unable to shake-off anticipated rate increase and reverse its downward trend. Probably gonna take a while. I believe the 10 year TBill is kissing 3%.
I'm fascinated by the entire concept of a "Santa Claus rally"....though I find the ritual of "window dressing" somewhat underhanded.
Of particular interest will be the action within the first week of '14. I wouldn't be surprised at all if we come out firing out of the blocks during the first 60 days...but then have a pullback, and one relatively strong.
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Of particular interest will be the action within the first week of '14. I wouldn't be surprised at all if we come out firing out of the blocks during the first 60 days...but then have a pullback, and one relatively strong.