The Infamous Santa Claus Rally

Man, market watchers, talkers, and traders beat this phenomenon to death but here it is—Santa has come to town in the form of a grotesque-day-after-Christmas rally. It is almost surreal, there were so many signs of its coming, yet so many doubters.

You had to come into today long, gents. That meant holding some risk through the holiday. If that is something that affects your ability to enjoy your friends and family then this might not be the right vocation.

Perhaps something more structured, like accounting, would make sense.

However, if you have a penchant for risk and a nose for opportunity then you likely come and stare at these market waves every day. Good, you are my people.

We are at all-time highs on the Russell. The week is over, and January is just around the bend. The first week of Jan, it’s anyone’s guess, but I am from the school of thought there will be one or two stocks behaving like hyenas to the upside.

Enjoy your weekend. If you feel anxious because you are ‘under-exposed’ my best advice is not to chase, you are not alone, and greed is elevated.

Protect your neck by finding a stock that is set up but has not run yet, and wrap some risk on it.