On December 26, 2024 it was noted that the December 2024 decline and rally was similar to what occurred in December 1972. A long term decline would be expected to start after the January 20, 2025 Presidential Inauguration. A very short term rally was conducted during the last half of December, but it is similar to what occurred in December 2022. It appears Market Makers have plans for a brief rally with markets eventually moving lower in 2025.
Key points for December 2024:
- On December 19, 2024, the CNN Fear & Greed indicator briefly hit an extreme fear reading of 24 at the close. As of December 30, 2024 it has not dropped below an extreme reading of 20. This occurred in September 2022, March 2023, October 2023, and August 2024.
- During the last half of December 2022 extremely large block trading was relatively light in the Dow stocks. This has also been the case during the last half of December 2024.
Note that this information is for educational purposes only and not a recommendation.
Charts courtesy of StockCharts.com.
