– Never sell in a boring market – E24

– Never sell in a boring market – E24

The head of analysis expects a rise in the remaining days of 2023.


The status is updated throughout the trading day.

This is what the leading indicators look like immediately after the open:

  • The broad Standard & Poor's index rose 0.06%.
  • The Dow Jones is flat
  • The Nasdaq Composite Index rose 0.18%.

Tuesday ended with a cautious rise of about 0.5 percentage points for some of the most important indicators.

“We are leaning toward markets going higher toward the end of the year, given the strength in December so far,” says Tom Lee at Fundstrat, according to CNBC.

– Considering the lagging performance of fund managers, and the idea of ​​“never leaving”. shortshortThe purpose of short selling is to make money from the declining value of a stock, before the stock lender wants to repossess the shares. When an investor sells a stock “short” – he is actually selling stock that he does not own. Typically, at the same time, an agreement is made with another shareholder to “borrow” a number of shares, so that the buyer guarantees delivery of the shares. In a lackluster market, we see a gradual recovery in the final days of 2023.

Oil price is higher than Friday's level. At the time of writing, the price of North Sea oil was $80.53 per barrel. Since midnight, the price has fallen by 0.1 percent.

Wall Street ended Friday with weak but mixed results. US indices are now at record highs, after expectations of further interest rate cuts in 2024 created a very positive mood in the market.

At the top, investors are now bracing for what is often a strong week towards the end of the year, in the form of a “Christmas rally.”

– They do what is called “window dressing” so that investment portfolios look good at the beginning of the year. It is also possible to touch someone FOMOFOMO“Fear of missing out,” worrying about missing out on an exciting or interesting event In anticipation of a potential rally at Christmas and January and you want to risk a little more, chief strategist Christian Lee said on Formue to E24 on Tuesday.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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