I don't agree with the subject heading. It's ended. The rally is now over.
Unfortunately, I pity the resource sector this week - IMO, it is a given, assuming the data from NY will be what is expected or worse.
Then you have profit taking too.
Citigroup is already down 5%. Retail figures on Thursday. Oil prices are still under pressure.
China's manufacturing industry slumped in November as new orders, especially from abroad, tumbled in the face of deepening economic gloom and financial uncertainty.
A report on November U.S. manufacturing looks dismal.
The U.S. credit-card industry may cut $2 trillion in credit lines over the next 18 months due to caution about risk and regulatory changes, leading to sharp contraction in consumer spending.
etc etc.
Not a good week but volatility will be a given and watch NCM IMO
DOW Price at posting:
$3.94 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)