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Will the Coming Santa Claus Rally Help to Calm the Stock Market? -Breaking

by Mike Robinson

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© Reuters. Can the Santa Claus Rally help calm the stock market?

Omicron fears have taken the S&P 500 (SPY) to the lowest levels since October. All of this is without the Fed Chairman Powell’s message “Inflation Is Not Transitory”. The rally has been questioned. Perhaps this is a fair question given the extreme valuations. I’ll cover this and more in my commentary below….This is the updated version of my weekly comment published on December 1, 2021 by POWR Options.

Given the fact that NASDAQ names have the highest market caps, the VXN (or Vixen) can offer a more detailed view into the markets. The VXN, or Vixen, is basically the VXN of the NASDAQ 100 stock.

Another dramatic increase saw it close above 30. The big question now is whether the stock breaks out to test the highs close to 40 or if there’s any sanity returned to the markets.

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