The Santa Claus Rally Interrupted

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In hisDaily Market Notes report to investors, while commenting on the Santa Claus rally, Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more Santa Claus Rally InterruptedThe market bounced roundly yesterday after the Fed only said what was expected, and more or less described inflation as transitory without using the word. Jay Powell also made it clear if things don’t go right they stand ready to react. It was a dovish conversation, the Fed Put is alive and well. Premarket this morning it looked like the Santa Claus rally had finally begun with all the Indexes up strongly o…

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