
On December 27, 2024, pre-market trading indicated a selloff in the stock market as investors engaged in profit-taking ahead of the year-end. Market participants noted a lack of fundamental news to justify the decline, suggesting that the selling was primarily driven by traders looking to secure gains before the end of the year. Observers pointed out that the choice to sell on a Friday, rather than waiting for the last trading day of the year on Monday, reflects a strategic approach to managing unrealized gains.
Impressed that folks are choosing a Friday to execute "I'm sitting a ton of unrealized gains and a big pnl number, so I need to sell stuff to preserve it" strategy. Isn't Monday the last trading day of the year? Nice backward induction instead of the typical procrastination!
why do you think we're seeing a bit of a sell off here? don't see any fundamental news, feels like people just taking profits before the end of the year...
So what triggered the selloff today?
