tsptalk's Market Talk

[tsptalk]

December is off to a mixed start. Historically the Monday after Thanksgiving has a slight bearish bias, but the first few days of December have a bullish bias. This year the two collide and here we have a mixed open.

Unfortunately for the I-fund, the dollar is bouncing back today after last week's pre-holiday negative reversal.

The commodities are also mixed with gold down, oil up while bitcoin and yields are flat.

We have a bit of a holiday hangover but by Friday we'll get the November jobs report and December will be in full swing.

 

[WorkFE]

December is off to a mixed start. Historically the Monday after Thanksgiving has a slight bearish bias, but the first few days of December have a bullish bias. This year the two collide and here we have a mixed open.

Unfortunately for the I-fund, the dollar is bouncing back today after last week's pre-holiday negative reversal.

The commodities are also mixed with gold down, oil up while bitcoin and yields are flat.

We have a bit of a holiday hangover but by Friday we'll get the November jobs report and December will be in full swing.

The I-Fund seems to have found some footing. We will have to see how it finishes out the day.

 

[tsptalk]

Stocks are stumbling this morning after some turmoil in S. Korea. Once again we see big tech taking the lead as the vibrant rotation into smaller stocks has slowed down.

Yields are up but the action in stocks and bonds seems a little aimless as we digest the November gains and await Friday's jobs report. The JOLTS report showed more job openings and slumping hiring, if that tells us something about Friday's report.

Oil and gold are up this morning. Bitcoin is flat.

 

[tsptalk]

Stocks are up this morning, and the Dow and small caps are resuming their uptrend after a two-day pullback to start December. There are no major headlines other than some decent tech earnings.

I wondered how long it would take dip buyers to show up and while it's too early for the bulls to declare victory, the bears failed to make any progress in pulling the indices down so the bulls are trying to take control again. The irony is that the first few days in December tend to be bullish, but after the 3rd the seasonality calendar gets more of a bearish bias until Christmas week.

As I showed in Wednesday's commentary, the past three election years saw strong rallies for the next year, but in 2 of the last three there was a dip just before the end of December.

Oil is flat and gold and bitcoin are up,

 

[dannyboy]

Day to Day Market Analysis with tsptalk

I saw the returns for today. I think Santa is coming is coming to town and with Trump this causes Santa to go into overdrive?