Defensive sectors took three of the bottom four places on Monday, a stark reversal from what was experienced across the marketplace the past week or two.
A weak day for stocks at the end of the year is not unusual.
Over those past 15 years, the S&P 500 has posted an increase for the last week of the trading year 67% of the time.
It is easy to forget where we came from, but we can't.
The semis survived a series of individual tests on Monday, which might be worthy of finding a spot in the back of that mind of yours.
The stealth bear market is not so stealthy now.
I remain more comfortable trading than investing until there is at least one notably upward trading day on notably higher aggregate trading volume.
Positive news on Omicron is more powerful at the moment, at least for the markets, than the overhanging probability of tighter monetary policy.
Whether panicked sales over these past few days, especially Wednesday, prove to be either the 'fast' or 'smart' money remains to be seen.
Volatility events are commonly followed by market consolidation as traders pair risk and lick their wounds.