^^ this 100% not really sure what other catalysts we have out there going into year end. earnings season is wrapping up, and we're through most of the fed events...although i believe there is one more meeting left in december. seems like absent a black swan, it's going to be super choppy into the end of the year. we're now into the holiday season so, bring on the fat man in the red suit
Shrinking Ranges Thu, Nov 14, 2019 In the S&P 500's run to new highs over the last few weeks, overall volatility has really become subdued. For example, the S&P 500 hasn't had an intraday swing of even 1% in more than a month now. The chart below shows streaks over the last ten years where the S&P 500 didn't see a 1% spread between its intraday high and low and allows us to compare how the current streak stacks up to prior periods. While the current 24 trading day streak without a 1% intraday move is far from the longest over the last ten years, there haven't been a lot of streaks that were longer. Ironically enough, the three streaks that were the longest of the last ten years all occurred in the two years after the 2016 election. For all the turmoil that seems to surround this Administration, market turmoil hasn't been one of them.
make it 27 trading days in a row since the last back-to-back red days on the spx ... currently the longest streak since january of 2012
U.S. 'Getting Close' to Trade Deal With China: White House Economic Adviser https://money.usnews.com/investing/...-deal-with-china-white-house-economic-adviser Futures up pretty nicely as of now
The talk of positive progress on trade deal still working for the bulls for now I guess lol. Still highly doubtful whether we will actually get the Phase 1 deal done by end of the year, only my opinion of course
