Will Santa Arrive for Wall Street?
From Yahoo! Finance:
“With oil prices well below $60 per barrel for the first time in months, inflation and fourth-quarter retail sales remain Wall Street’s major preoccupations. High inflation means the Federal Reserve will continue raising interest rates which, while keeping prices in check, makes economic expansion far more difficult. But if the Labor Department’s latest pricing data shows modest inflation, that means consumer prices will remain low. And while the consumer is certainly bound to wrestle with high energy prices this winter, there’s a chance people will spend enough money this holiday season to keep the economy growing briskly. A lot of things have to come together for Wall Street to enjoy its traditional end-of-year Santa Claus rally: low inflation, lower energy prices, strong retail sales and bullish earnings forecasts from major companies.”
With this reporting, how do you know when to enter and or exit?
