Normally, end December is quiet time in the market. Investors are away. They cut their positions for a well earned holiday.
Today's market appears to reflect that. Investors seem to wait by the sidelines. Not much action. Some inconsistent data not in sync with the usual US economy of recent days. Capital goods orders fell; jobless claims rose and anxieties rose.
When in doubt, cut positions and wait for the next big move.
Today's market appears to reflect that. Investors seem to wait by the sidelines. Not much action. Some inconsistent data not in sync with the usual US economy of recent days. Capital goods orders fell; jobless claims rose and anxieties rose.
When in doubt, cut positions and wait for the next big move.
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