Trading Spaces 12/22/21: Santa Rally for Stocks
RiskReversal Pod
RiskReversal Media
4.7 • 836 Ratings
🗓️ 22 December 2021
⏱️ 32 minutes
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| 0:00.0 | all right guy let's break it down here man we got 30 minutes to talk to markets um you know |
| 0:06.9 | i was just singing little offline the the the boss's version of santa claus is coming to town you |
| 0:11.7 | know it goes like this sanaclaus is coming you know like you got that like kind of deep raspy sort of thing |
| 0:16.8 | and i'm doing that because i'm trying to get you all fired up. You hate things. You |
| 0:20.9 | hate terms like the Santa Claus rally in the market. Well, it's on, dude. It is happening here. |
| 0:27.7 | I don't care. I mean, it might be on. I mean, it's great. Ho, ho, ho. I mean, I know people, |
| 0:32.5 | it's such a stupid thing. It's so dumb when they all use the term i have i will tell you and i think |
| 0:40.6 | you know i have never uttered that phrase in my life nor will i and you can't bait me into doing |
| 0:46.7 | it all right well what does it mean though that are nodding in accord because they know i'm right |
| 0:52.1 | and there is they get as pissed off as I get because |
| 0:55.2 | it's stupid. |
| 0:56.4 | It is stupid. |
| 0:57.3 | But here we are, whether it's real or not, the S&P 500 is up, you know, 75 basis points |
| 1:05.0 | up, a little less than 1%. |
| 1:06.6 | We had that big bounce on yesterday. |
| 1:08.8 | We had the big reversal the day before that here were probably what less than 2% from an all time high. You know, you've said this on many occasions. If you think about, you know, where we bottomed out, you know, with the delta variant concerns, that sort of thing. You know, this this Omicron thing really hasn't been a big deal, except, and this is the most |
| 1:30.7 | important point about this, is that the Delta variant in the summer, it just destroyed Q3 |
| 1:37.8 | GDP, right? |
| 1:38.9 | And now we're starting to see that literally this Amicron, which came about what, right |
| 1:43.1 | around Thanksgiving or that week of |
| 1:45.3 | Friday after it was first you heard of it yeah and it's doing a number on Q4 GDP so I guess my |
| 1:52.6 | my concern would be what do we do here because you know growth expectations are coming down |
... |
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