Tech stocks have weighed so heavily on the market in 2022, there is a strange disconnect between the Dow Jones industrial average, the S&P 500, average, and the NASDAQ index.
– Dow Jones -5% YTD
– S&P 500 -15% YTD
– NASDAQ -27%
I am guessing we have not seen a split like this since the ‘dot-com boom’ busted in the year 2000.
Statistics show that December is the month most likely for the stock market to be up. Almost 78% of the time there is a “Santa Claus Rally”.
Given how poor the financial markets have done this year, I am thinking there will be a fair amount of people selling assets to book losses for tax purposes. We met with our financial advisor on the phone yesterday and sold a few things.
What moves are you making with your portfolio before the end of the year?
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