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December 24, 2018 | S&P 500 Slips into Bear Territory on Worst Christmas Eve Trading Ever

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
The S&P 500 went into bear market territory today on the worst Christmas Eve trading session ever, percentage-wise.

Nasdaq Composite Bear Market

Nasdaq 100 Index Bear Market

Dow Hangs By Thread

Russell 2000 Bear Market Accelerates

Amazon Bear Market

If you thought Amazon was a buy at $2000, you thought wrong. Expect another 60% decline or more, from here.

Christmas Eve Scorecard

  • S&P 500: -2.71
  • Nasdaq Composite: -2.21
  • Nasdaq 100 Index: -2.43
  • DOW: -2.91
  • Russell 2000: -1.95

According to the Financial Times, this was the worst Christmas Eve session in history.

Mike “Mish” Shedlock

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December 24th, 2018

Posted In: Mish Talk

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