Image Source: Pixabay

And so it is the last trading day of the year, 2023. 

The trading was very quiet with some fairly benign profit and loss taking.

Complacency is the word here.

Mispricing of risk by a powerful few for short-term gains is a theme, recurrent and profound.

"This 'broadening out’ in the market has been nothing more than a massive short squeeze in financials, health care and consumer discretionary. The most heavily shorted stocks have popped 40% in just the past two months."

David Rosenberg

A correction is coming. It will retrace and fill that 'gap' at 4610 in the SP 500 futures chart at the least 

But we'll leave that for next year.

Non-Farm payrolls next Friday.

Thank you for your patronage at Le Cafe this year.

If you serve God you will hear and obey His voice, and not twist his words to serve your worldly desires.

But they do not believe in it. They think that do what you will is the whole of the law. 

God is not mocked. What a man sows, so shall he reap.

Have a safe and pleasant New Year's Eve.

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