Historically, December has been the strongest trading month of the year, but last year thesank more than 9% during the final month. But the market has pieced together a 2019 rally, with the S&P up around 24% year to date. The Dow is up almost 20%.
Saut said he believes the sell-off may continue into the middle of the week, but that does not shift his overall attitude toward the market. Despite the weak manufacturing reading, Saut said he thinks better-than-expected retail sales can propel the market higher in December.
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As it was last year
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