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December 2, 2023 | Tech Talk for Saturday December 2nd 2023

Don Vialoux

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Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

Momentum by North American equity markets remains strong during its current period of seasonal strength from late October to the first week in January. A word of caution! Strength frequently is damped temporarily by yearend transactions for tax purposes between now and December 15th. Thereafter, the Santa Claus rally ‘kicks in” until the end of the first week in January. Yearend strength in U.S. equities and related ETFs has been notable during U.S. Pre-election years (2023 is a U.S. Pre-election year).

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December 2nd, 2023

Posted In: Tech Talk

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