Here's how to play it.
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.
The last few days of the year can be bumpy as some investors raise cash levels after ringing the register.
As we said, it's all a timing game, to play the long or the short side of it.
Can multiple expansion happen? Sure there's room for that, but to see significant upside we're going to need to see real EPS growth.
The longer the indexes stay strong, the more worry there is about missing out.
Market sentiment indicators remain encouraging.
My opinion has long been that I must be invested in cybersecurity regardless of valuation as demand for these services may not dwindle in my lifetime.
Will the jump in the indexes last week undermine the traditional Santa Claus rally that occurs this week?
Any day can be a down day but here's why I still think the market has an upward bias until early January.