Dear Santa, Please Make The Stock Market Go Up Forever…

Santa at NYSEThe infamous Santa Claus Rally may be in question this year after the first half of December.  Please read and watch below as Formula Folios Chief Investment Strategist, Jason Wenk, gives a recap of the current market gifts.

It was a rather tough week for the stock market, with Friday closing with a 315 point drop in the Dow and a 33 point drop in the S&P 500.

Ouch! Bad week for Stock Investors.

 

The other big news is that the 2 year uptrend in the S&P 500 now appears to be changing. For better or worse, we do not know just yet.

In today’s market update video I show this trend, draw in some key points, and illustrate where I think some of the next moves may take us. More to come in the next few weeks.]

As always, if you have questions, comments, or observations you’d like to share; feel welcome to use the Comment area below this post. If you know others who might benefit from this post, please help spread the word by using the Facebook, Twitter, or LinkedIn buttons below too!

Happy Holidays!

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