Santa Claus Rally??
Visions of sugar-plums should be dancing in trader’s heads. However, the rapid decline in energy may be morphing from an energy “issue” to a “financial” issue as pressure is being put on oil exporting countries like Russia, Venezuela and smaller Mid-Eastern countries. The increase in Russian rates overnight is introducing additional volatility in the markets.
I did an interview at the market close yesterday covering the possibility of a “Santa Claus rally” and some places to “hide” within what may be some tough sledding into year end.