It’s the last day for the Christmas rally as hedge funds prepare to resume trading — and more in Tuesday’s stock market recap.
The so-called “Christmas rally” typically runs during the last five trading days of December into the first two trading days of January, bringing with it a rise in stock prices.
So far, we’ve seen strong movement among the major indices in the new year.
But we’ll also likely experience some volatility this week as hedge funds prepare to move back into the market, bringing more liquidity and larger price movements.
Elsewhere in the news, the FDA expanded eligibility for Pfizer’s COVID-19 booster shot to children between the ages of 12 and 15 as the U.S. hits record numbers for new cases due to the omicron variant.
In this morning’s stock market recap video, you’ll discover whether the market is bullish or bearish right now… the best sector for low risk… the weakest sector for hedging and shorting… whether there’s more downside in store for bonds… the top reports to focus on… whether China is a factor… and a full market internal review for 2022.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
DOW (mini)
- Close: 36,585.06.
- Futures: 36,600.
- Change: +141.
S&P 500 (mini)
- Close: 4,796.56.
- Futures: 4,800.75.
- Change: +15.
NASDAQ (mini)
- Close: 16,501.77.
- Futures: 16,509.5.
- Change: +24.
RUSSELL (mini)
- Close: 2,272.56.
- Futures: 2,277.7.
- Change: +8.3.
Note: Updated as of 9:15 a.m.
P.S. Is January the Best Month for Trading?
Joy of the Trade Head Trader Jeff Zananiri sure thinks so!
And Jeff Z is hosting a LIVE educational class Wednesday, Jan. 5 at 1 p.m. EST to teach everyone why he loves a special strategy in particular…
“There’s no doubt in my mind, this is the top trading strategy for the next 30 days,” Jeff Z said.
Last January, this exact strategy pulled a fat 210% winner from the market.
So be there Wednesday LIVE, when Jeff will reveal his No. 1 trading strategy for January…
On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.
