7 Comments
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麦田Rye's avatar

Thanks, David, for the consistently concise and clear article.

David Cervantes's avatar

Glad you find value in the work product. Tell your friends! :)

Ringo's avatar

Another banger DC. You’ve been dead on balls accurate

Renato Coelho's avatar

Hi David, thanks! Very clear message, however I have a doubt about the last paragraph: "Thus, the likelihood of strong year-end rally similar to that of late 2018 is the path of least resistance for the remainder of this calendar year". Do you mean late 2018 or 2019? Because SPX has a negative agg performance in the 4Q2018 (-14.4%).

David Cervantes's avatar

Hi. Yes you are correct Q4 2018 was horrific.

I was referring to the last 4 trading sessions where SPX rallied 6.65%, with 5.05% coming the day after Xmas.

I’ll clarify on the Twitter feed.

Costanza's avatar

Hi David,

New subscriber here. I didn't realize you also have a private Twitter page. I assume that is for subscribers. If so, I would appreciate it if you would accept my follow request. My Twitter handle is @MarketObserver8. Thanks!