Stocks could see a pullback before riding higher into year end, strategists say

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Chances are good the stock market could hit a few bumps as December gets underway, but any pullback should be slight.

The S&P 500 is up 25.8% year-to-date. In years when it has gained 20% or more by Thanksgiving, it usually ends the year even higher, but not significantly higher, adding another 1.8% on average, according to Bespoke. There have been 22 such instances, and the S&P has gained in those post-Thanksgiving periods 77% of the time

"Anything could happen to trade or some external event that we have no idea about," said Sluymer. "The call is to stay long through year end, into the middle or later part of the first quarter." "The place to focus in the past three days was the small caps. If you focused on it a month ago, you made no money. If you focused on it for the last three days, you made some alpha," he said. The Russell 2000 is up 2.7% for the week so far, outpacing the S&P's 1.2% rise and even the Nasdaq's 2% gain.Redler said more than an overall pullback, he's expecting different sectors to continue to reverse course.

was up more than 3.2% for the week-to-date, on track for its nine straight week of gains, which would be the best winning streak since May, 2013.

 

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No one knows. But if you say something rad you get on television and that’s everything in our screwed up society. Write Apple is a sell and will hit 220. Boom you’re on every show.

Are these the same strategists that said we were headed into a recession in 2020? Santa Rally is my prediction! Economy is very strong and there are few loses to take... up we go!

What will actually cause the pullback?

YOUR DOW NUMBERS ON TV ARE 50 POINTS LOWER THAN GOOGLE. WHAT'S UP?

Yes maybe maybe not 🙄

Why are your DOW numbers on TV lower than they are on Google?

which in today's terms is about 60 points on the $DJIA

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