When One Door Closes ..
The death of former President Carter on Monday means that, in keeping with tradition, US stock markets will be closed this coming Thursday, January 9th for the funeral.
Monday was the penultimate trading day of 2024 and the session kicked off with more end-of-year institutional position adjustments and momentum-unwinding across the board. This put stocks very much on the back foot again, crystallizing the distinct absence this year of any kind of Santa Claus rally.
What started out as a mildly concerning fall in stock prices threatened to snowball into a really ugly session with the major…
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