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Energy Stocks Don’t Have A Lot Of Downside From Here

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ValueWalk

In his Daily Market Notes report to investors, Louis Navellier wrote: Last day of the Santa Rally is hoping to hold on to gains. Market Gets A JoltWhile hopes were for a serious year-end rally, the actual long-term Santa Rally numbers are only a 1.3% gain. To hit that, we only need to close the S&P at 3,822 which we were holding early in the day. The big difference is that it usually comes at the end of a strong December return which didn’t happen. Q4 2022 hedge fund letters, conferences and more Today, we are seeing another repeat of yesterday where the market opened up clearly in the green, …

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