Santa Claus rally? This is why you always let the market tell you what the markets are doing. Obviously the co-vid influence overhangs the market. If today’s market trading closes near the lower end of today’s trading range, it will be very obvious there is no direction. Have both long and short positions in the portfolio but each position should have very compelling reasons to stay long or short, otherwise getting into a cash position is better until the markets demonstrate a direction.
December 13th Daily Market Comments
Santa Claus rally? This is why you always let the market tell you what the markets are doing. Obviously the co-vid influence overhangs the market. If today’s market trading closes near the lower end of today’s trading range, it will be very obvious there is no direction. Have both long and short positions in the portfolio but each position should have very compelling reasons to stay long or short, otherwise getting into a cash position is better until the markets demonstrate a direction.