Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.

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Good morning. Today is Tuesday, December 20th,

and I'm your host Julie Morgan.

Our top stories.

Sam Bankman Freed agrees to extradition.

Virtually no word from Elon Musk about who will lead Twitter next.

Boeing is likely to receive a safety deadline extension.

The SCODS court date has been set in the next step in the student loan forgiveness case.

And Cannabis stocks are in our day watch.

Beginning the last full week of trading of 2022, stocks dropped again on Monday adding to weakness seen last

week in the wake of the Federal Reserves rate hike and hawkish projections.

This marked the fourth consecutive day that Wall Street has suffered a pullback.

The NASDAQ finished down 1.5%.

The S&P 500 closed down 0.9% and the Dow ended down 0.5 percent.

10 of the 11 S&P sectors finished lower.

This was led by a 2.2 percent drop in communication services.

Consumer discretionary, info tech, materials, and real estate all fell more than 1%.

Energy ended with a fractional gain.

Mike Sakardi is an analyst and seeking alpha contributor. He says investors might be

positioning for a tough first half of next year that could see a mild recession.

He went on to say that hopes are dwindling for a Santa Claus rally, which is technically the last five trading days of the year and the first two trading days of the new year.

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