The tale of Grinch, which steals the Christmas Rally, has begun to become a reality. Only a few days remain until the brightest holidays, and we have not yet seen the light burning up the indices and shares. Perhaps the "new normal" suppressed the Christmas spirit. Perhaps investors have already taken the profits, using fear as a covert? After all, the Christmas Rally was rallying annually within 10 years of a recovery process for the world economy. Has the end of this cycle of growth come to an end? Is the time of stagnation? The recession? These questions will find their answers next year.
The question now is: what will the markets move in the last days of the month and the year? Unfortunately, I am disappointed. Against the backdrop of short-term impulses, with a negative sentiment, we will send the year. Again, we will see casting from capital markets to safe heaven tools. Investors will remain subject to fears and worries next week. Commercial War, Global Growth, Brexit, Fed ...
With these days off, we expect a thin market amid an almost empty economic calendar for the week. Most likely, the markets will try to make a last resort by at least closing the year and mitigating the bitter mood. The US dollar remained strong today, with the mood to keep strong next week.
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