Conflicts.
The much-anticipated Santa Claus Rally window came and went last week with only more volatility and a lot of lower prices to show for it. With hardly any discernable meaningful catalysts and a lot of end of year tax-loss selling going on, there simply wasn’t much to stop stocks from rolling over early in the week. Wednesday (good) and Thursday (bad) basically cancelled each other out. Friday was a moderately decent low-volume snooze-fest.
As we begin the transition that I highlighted last week (investors shifting to taking note of what data actually shows about inflation and the economy, as…
The skinny
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