Green Book December 2018
Bull Pause, Or Bear Paws?
The bears gorged themselves in the two weeks leading up to Thanksgiving and the S&P 500 closed at a correction low the day afterward. Christmas arrived immediately thereafter, with a six-day gain of 6%. But that was followed by a two-day collapse on December 4th and 6th that undercut the post-Thanksgiving low on an intraday basis.