Here’s a look at the YTD performance of U.S. stocks. December is shaping up for a year-end ramp as many dedicated funds are under allocated and under performing their benchmarks in a big way. The S&P500 held its 50-day moving average in the recent market squall just as it does in textbooks and the incoming economic data is now a tailwind for stocks. If Ireland fails to pass their budget next week, all bets are off!
The question is will they sell the losers and jump on the YTD winners? Our flavors of the month are tech, energy, the aggies, and high-yielding commodity trusts in the U.S.; long the dollar; short the 10-year bond with a close over 3 percent; gold; and long Japan and Brazil equities. Good luck!