“9000 & Beyond!” Vista Partners Daily Market Recap (12-26-19)
- Published Dec 26, 2019
- Atossa Therapeutics, Inc.

It just took one trading day post the Christmas holiday for the Nasdaq to hit over 9000 as it closed at 9022.41 up another +.78% albeit trading volume was relatively light. It has been an unbelievable run this year for the Nasdaq this year as it has come up from the 6,336.97 level.
Not to be outdone the S&P 500 ended the day up +.51% at 3239.91 hitting a new high and the Dow Jones Industrial Average ended up +.37% ending at 28,621.39 hitting a new high as well.
However, the Russell 2000 moved slightly lower -.02% at the close of trading now at 1,677.67. The “fear gauge” Vix (TVIX) ended today at $50.04/share at the close of trading down -.52%.
The 2019-20 “Santa Claus Rally” runs from Dec. 24 until Friday, Jan. 3. The last 5 trading days of the year & the first 2 trading days of the new year.
Economic Reports
On Monday, total durable goods dropped by -2% in November below the 1.5% expected rate. However, new home sales in November surprisingly rose +1.3% month/month to a seasonally adjusted annual rate of 719k units while on a year/year basis new home sales are now up +16.9%. The median new-home price jumped +7.2% to $330,800 in November.
On Tuesday and Wednesday we did not receive any significant reports.
On Thursday, we received the initial claims report for the week ending December 21 which went down by 13k to 222k in line with expectations while continuing claims for the week ending December 14 moved lower by 6k to 1.719M. The weekly MBA Mortgage Applications dropped -5.3%.
Investing & Inspiration
“The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you’re wrong.” -William J. O’Neil
Tomorrow
No economic reports expected on Friday.
Videos
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