Will There Be a “Santa Rally” This Christmas?

Stocks rebounded slightly this morning following a disastrous performance in the trading session prior.

December 2, 2021 12:23PM ** ANNOUNCEMENT ** I have an announcement to make. Watch this video before making your next trade... This one could potentially be a game changer. Go here for all the details. Will There Be a “Santa Rally” This Christmas? Stocks rebounded slightly this morning following a disastrous performance in the trading session prior. In California, doctors confirmed the first US case of the Covid Omicron variant yesterday. The market plunged in response. Then, today, equities opened higher before paring back most of their initial gains after another Omicron case was discovered in Minnesota. Since then, stocks shot higher as the major indexes reached new daily highs before dipping lower once more. Indecision from the market continued to reign supreme. “While it is nice to see a rally this morning, I am not sure investors should put much meaning into it,” explained Leuthold Group chief investment strategist Jim Paulsen. “Fear and greed will dominate activity as investor worries oscillate between concerns the worst is not yet over and anxieties of missing out on any recovery.” Some Wall Street banks have even started to break rank from the ever-bullish narrative. Bank of America Securities’ head US quant strategist, Savita Subramanian, believes traders should be wary of the recent dip. “We remain cautious on S&P 500 amid a hawkish Fed tightening into an overvalued market,” Subramanian said. (...continued below...) DON'T BUY (OR SELL) BITCOIN UNTIL... Before you buy or sell any Bitcoin, make sure you watch this 5 minute video that reveals... ...an unusual short-term trade that most people will completely miss. This is something you can do TODAY, but you must hurry before the opportunity disappears. Go here for all the details. And though December has typically been a strong month for the market, that doesn’t mean it’s completely immune to corrections. A December selloff is certainly less common, but in the past, many “Santa rallies” haven’t arrived as expected. Since 1950, the S&P saw 54 Decembers close higher. 18 times, December closed for a net loss. It has historically been the best month for the index by far. But, as the 18 bearish Decembers show, there’s still a chance that stocks could drop. And another bad month may be in store as bearish pressures – inflation, new Covid infections – grow worse with time. "In the very near-term the biggest threat is the headlines related to the virus," said Niladri Mukherjee, Merrill and Bank of America Private Bank head of CIO portfolio strategy. "But as we go into 2022, inflation is the biggest risk for the markets as a whole. Inflation is looking awfully persistent. Obviously we had 6-7 months of [the Consumer Price Index] printing above 5%, now 6%. I wouldn't be surprised to see even higher prints going into January, February, especially if the variant actually leads to further closures." (...continued below...) JUST ISSUED - AMD "BUY ALERT" Heads up -- we just issued this buy alert for AMD. Something is happening in this market that you need to be aware of. Please pay close attention to this. Go here for the details. More lockdowns would be absolutely ruinous to both US stocks and the economy. That’s why Mukherjee correctly observed that it’s the most immediate threat to bulls, who may not be feeling so confident following recent remarks from the White House’s Covid czar, Jeff Zients. When asked about a vaccine mandate in the US for domestic travel, Zients said “we’ll continue to look at all options, and everything’s on the table.” Stocks dropped moments after Zients made these comments in an MSNBC interview. It’s clear that the Biden Administration is considering new restrictions. State-by-state, governors could potentially reactivate lockdowns, too. That’s why dip buyers have been hard to find over the last few days. Yes, the major indexes are up this morning, but the market hasn’t looked this fragile in months. All it would take is another bad news story to spike equities lower. And if the assumptions about Omicron are true, in that it’s far more infectious than the other Covid variants (while also being significantly less deadly), we may be only hours away from a headline revealing a slew of new Omicron infections in the US. "Crypto Nerd": Don't Buy Bitcoin - Buy THIS Instead This reclusive "crypto nerd" known for his uncanny ability to spot the hottest growth trends in crypto recently revealed the name and ticker symbol of one of his top buys for the next 12 months. It's part of a new "next gen" crypto wave that he believes is much more important - and potentially much more lucrative than Bitcoin. Go here for all the details. You are receiving this email because you opted in at one of the Profits Run websites. Our office hours are Monday - Friday 9AM - 5PM EST 28339 Beck Rd Suite F6, Wixom, MI 48393 Phone: (248) 733-4343 / Email: support@profitsrun.com Privacy Policy | Terms & Conditions | Disclaimer Copyright © Profits Run, Inc. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher. Profits Run is a research publishing firm. The information we publish is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal situation - we are not financial advisors nor do we give personalized advice. The opinions expressed herein are those of the publisher and are subject to change without notice. Published content may become outdated and there is no obligation to update any such information. Recommendations in Profits Run publications should be made only after consulting with your financial advisor and only after reviewing the prospectus or financial statements of the company in question. You shouldn't make any decision based solely on what you read here. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice.

Unsubscribe

If you wish to stop receiving our emails or change your subscription options, please Manage Your Subscription
Profits Run, Inc., 28339 Beck Rd, Suite F6, Wixom, MI 48393