A Very High Bar.
Stocks moved higher last week for the fourth week in a row with the major indexes ending the holiday-shortened week up by about 1%. The sense grew that the typical year-end Santa Claus rally may possibly have begun even before Thanksgiving. But trading volumes were so low that drawing any real conclusions from last week’s activity would be a fool’s errand.
No news was good news on a slow, drama-free Monday. Stock indexes drifted steadily upwards on low volume throughout most of the trading session to close near the highs of the day. 2024 brings a host of unanswered questions, but right now…
The skinny
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