It is only December 4th and the Holiday rally is on. Granted it was only the S&P 500 and Nasdaq that closed at new all-time highs, and there have only been three sessions in December, but new highs are bullish. Right? It is a busy week for economic data and as traders are getting more focused on the next FOMC meeting (December 18th), they are keying in on this week’s employment figures. ADP (not an exact prelude to nonfarms) missed estimates (146k versus estimates of 150k) and revised last mont…
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