Weekly Commentary: Recalling 2022

2026-01-03 02:50:18 ET

I'll hold off on a more comprehensive "year in review" until the delayed release of Q3 Z.1 financial flows data.

Trading at year-end and the start of a new year can be intriguing. I tend to deemphasize market action during a year's final couple weeks of trading. There is the typical "Santa Claus rally" markup dynamic to enhance performance, bonuses, and hedge fund payouts. What's more, tax loss selling often pressures the year's underperforming stocks and sectors....

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