Thursday, December 24, 2015

WEDNESDAY 12/23/15; Durable Goods; Personal Income and Outlays; New Home Sales; Consumer Sentiment; European and US Stocks Rally; Oil Rallies; Steel Sector Protectionism; CALM

Japanese markets are closed for Emperor’s Birthday holiday. In early trading, the 












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put/call ratio remains low at 0.56 indicating rampant complacency in markets and a near-term top in the stock market will likely occur any day forward.

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