'Santa rally' won't rekindle due to omicron risks and profit-taking, PNC Financial's

[NewsFeeder]

'Santa rally' won't rekindle due to omicron risks and profit-taking, PNC Financial's CIO predicts

PNC Financial's Amanda Agati sees near-term trouble, but she's optimistic the market will see gains in 2022.

More @ CNBC...

 

[Bullitt]

Wrong on SC rally, though some stocks saw serious year end selling pressure.

Santa Claus Rally (tendency of market to rise in last 5 trading days of old year, first 2 of new year) worked as planned: S&P 500 up 1.4% in the last 7 trading sessions, in line with historic average. Thanks to my friends at @AlmanacTrader!

https://twitter.com/BobPisani/status/1478472060867428367