Good morning STB!
In my continued effort to be positive till the end of the year - Counting down the days, get out there and celebrate and share The reason for the season! We gotta be saying Merry Christmas to lots of people. Sadly, I’ve yet have one person tell me MC first and some even look surprised I said it to them. The best are the ones that seem to light up when I say it. Give it a try.
Good v evil
On to the lie -
After yesterday’s pop, minis tank and then rally quite a bit to be off only 21. This will keep SPX in the extending topping zone of the right shoulder. The Fed basically did a liquidity bandaid yesterday that’ll keep the wheels on till the end of the year. LT rates dipped a bit, but inflation is here to stay. The 10yr fell to backtest broken resistance. I do love what Pepsi did, lowering prices and sacrificing profit for the consumer. Absolutely stunning move to prove that greed is only in 99.99% of corporations. At this point the middle class appears to be falling further into the abyss with inadequate resources to ever be saved. We’ll harp more on that next year.
“This is Christmas, the season of perpetual hope.”
Have a good day.
Merry Christmas!
GL and GB!
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