For what it’s worth, there was a bit of a “Santa Claus rally” as the new year got underway, historically seen as a bullish indicator for the new year.
Also, in a case of “bad news is good news”, economic and labor reports out Friday indicated the economy IS in fact contracting (normally a bad thing) – which is a sign the Fed’s rate hikes are beginning to work and thus more hikes my not be necessary (a good thing). So, we saw a large Friday rally.
Many of our positions were among the risers, adding to gains or at least lessening losses, although price gains were modest. Trades remain few, so newer subscribers must be patient.
Get your first month FREE when you subscribe
A full month of actionable insights on which stocks to invest.