The opinions expressed below are my own and do not necessarily represent those of Visdom Investment Group, LLC.
Nothing to note.
The trading session after Christmas usually has about 64% of the capital flow of a typical session. Today that value was 51%. Market participants were less engaged than ever and prices had little volatility, nor did they trend. The yield curve did steepen a bit but that didn’t garner much attention. Precious metals did rally significantly, triggering a few segments on the financial networks, but clear catalysts for the moves are lacking.
Financial markets went through the motions and those that traded, didn’t push the market markets around. We are heading into the last week of the year but that’s only three more sessions. The year ends on Wednesday.
News and data should continue to be thin. If there’s going to be a last hurrah for the bulls, it’s likely to originate from existing investor psychology. The bullish mood of the market is undeniable but there’s been a patience to it this month. There has been no food fight for stocks. The push higher was slow and orderly and investors don’t seem to be in a rush to get in before 2026.
Will investors get a little bit itchy to buy after the weekend, with only three sessions left in the year?
I think they will so I think we’ll rally next week. However, I don’t foresee any large gains. The market is very content with current levels and nobody is demonstrating a fear of missing out.
That, in and of itself, is a very positive sentiment sign for the bulls in the medium term. Perhaps
-Mike
Visdom Market Commentary
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