US markets are looking to start this Christmas Eve Monday on a sour note with futures continuing their move lower. On Friday, we wrapped up our worst week since 2008 with the DOW falling over 400 points and the $SPY and $QQQ’s dipping over 2% as the major indices are inching closer to bear market territory.
The Government shutdown didn’t help investor confidence and has been a catalyst for continued pressure in US markets as well as the Feds decision to raise interest rates and overall macroeconomic concerns.
Are we at the end of this historic bull run? It’s hard to say but we have definitely hit a major hurdle that will take time to recover from.
