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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.

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