Stocks give some of their big gains of the last few days, but nothing major. Dow was down 57 while NAZ pulled back 24. The decliners beat advancers 3-2. Traders were trying to figure out where the economy is going. GE (GE) gave a cautious outlook for next year. It looks like awaiting developments described the mood today. I watch banks closely, they gave up some of last week's gains.
This is tax selling month not to mention various funds adjusting for year end results. While Dec has been a good month, anything is possible. For the time being, next week's FED meeting on interest rates seems to be one of the big market movers. Oil is under 90 & the Treasury bond rate is under 3.90%. Who knows what's going on? On tax loss selling, financials, REITs & especially junk bond funds may decline. Watch your favorites to look for future bargains.