Closing Out 2022 And, It’s Still Not A Pretty Picture.... |

On December 16th, we released a podcast warning that our call for a 4th quarter rally should be running into resistance in both price and time due to 4 things. One, more Federal Reserve hawkish talk would be forthcoming, 2-chart technicals, 3-stock buybacks slowing into year end, and 4- year end tax loss selling by individuals.. Well, someone out there might have seen the same things we did. We’ve sold off hard since mid that week.