The 2024 Home Stretch

It should be a relatively quiet two days - but we're still in a negative pressure environment.

Action to Take: Markets rarely move in straight lines, and Friday's bounce after the Fed-driven selloff proves this point. While futures suggest a calmer start to this holiday-shortened week, our negative momentum signals and mounting liquidity concerns warrant continued caution. The combination of tax-loss harvesting, thin holiday trading volumes, and China's economic struggles creates a challenging environment heading into year-end.

Rather than chase any Santa Rally hopes, use this quieter week to refine your shopping list. We're seeing the kind of dislocations that create real opportunities - energy stocks at Covid-era oversold levels and community banks trading well below tangible book value. Our complete 2025 Market Outlook and Model Portfolio drops on New Year's Day, targeting deeply discounted names positioned to thrive in this shifting macro landscape. Until then, stay disciplined and let the algorithms battle it out while you focus on those last-minute Christmas additions.

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