Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
I’ve been talking about how bad December has been for almost all of the stock market outside the Mag 7. Here’s your proof. H/t @JackFarley96 https://t.co/IkQ4ouWcWH
The S&P 500 is currently off -1.6% in December, but under the hood it's a bloodbath. I would bet we can count on one hand, maybe only a few fingers, the number of months where 6 or more sectors fell -5% or worse with the S&P 500 not even down -2%. $spy https://t.co/gMCsUFsbLL
So much for December seasonality. Most #stockmarket indexes are down with the #Nasdaq the only one holding up, but for how long? 2 more days left in the year and at this rate that gain will be gone. The Russell is down 8% in December. The 30 year low was -12% in 2018. The… https://t.co/gymkNlbIYp
December 2024 has proven challenging for the stock market, with the Nasdaq experiencing a 2% decline, pulling down Wall Street in the last trading session of the holiday week. The McClellan Summation Index indicates a broader market downturn, as portfolio adjustments led to quick unwinds before year-end. The S&P 500 is down 1.6% for the month, with a notable number of sectors reporting declines of 5% or more. The Russell 2000 index has dropped 8% in December, approaching a 30-year low of 12% set in 2018. Analysts suggest that the poor performance in December could indicate a rough start for January 2025, as historical trends often correlate December's downturn with subsequent January struggles.