The Santa rally wasn’t destined to be faded or shorted as the roulette online S&P 500 is now nearly flat on the year.
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As you may or may not know bonuses can be calculated in a variety of ways. For instance, how a manager performs relative to a benchmark like the S&P, the Dow or any combination of other factors to lengthy to list here.
Economic data was mixed as Durable Goods Orders were only flat at 0.0% but important Core Capital Goods Orders fell to -0.04%. Personal Income & Spending rose 0.03% overall;