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Saturday, October 22, 2016

Cliff fight may knock out December rally

Friday, November 30th, 2012

A man walks in the rain outside the Nasdaq Market site in New York's Times SquareNEW YORK (Reuters) – In normal times, next week's slew of U.S. economic data could be a springboard for a December rally in the stock market. December is historically a strong month for markets. The S&P 500 has risen 16 times in the past 20 years during the month. But the market hasn't been operating under normal circumstances since November 7 when a day after the U.S. election, investors' focus shifted squarely to the looming "fiscal cliff. …