In addition to some possible "window dressing," whereby fund managers dump underperforming stocks at the end of a quarter to avoid publicizing ownership of those positions, the market was also undoubtedly pressured by tax-loss selling this week. The S & P 500 closed down 0.25% Friday in a quiet day of trading. Stocks had their worst year since 2008.
However, Club holding Constellation Brands reports fiscal third-quarter results before the opening bell on Thursday. Here are some other earnings reports and economic numbers to watch for in the week ahead. Tuesday, Jan. 3 Before the bell: SemiLEDS Corp After the bell: SMART Global 9:45 a.m. ET: Flash PMI manufacturing Wednesday, Jan. 4 Before the bell: UniFirst Corp After the bell: Resources Connection , Richardson Electronics , Simulations Plus 10:00 a.m. ET: ISM manufacturing PMI 10:00 a.m.
Is it me or is CNBC and their guests always focusing on the negative, “worst year ever”and always promoting self interests?
😑
No more guests who say what might or should or could happen. Useless equivocation. Definitely say they Know! Oh wait. There are none
So long 2022. Hope 2023 is a little better for my net worth.
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