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On August 28th, it was learned that a U.S. federal judge lifted a nationwide injunction on August 26th against new rules for mail-in ballots issued by the U.S. Postal Service. The new rules required states to redesign ballot envelopes and upload voter lists to the Postal Service; if these requirements were not met, the Postal Service could refuse to mail the ballots. It is understood that the U.S. government had repeatedly proposed deploying federal law enforcement officers or Immigration and Customs Enforcement (ICE) personnel near polling stations, and the Department of Justice was also preparing to deploy approximately 1,000 election watchdogs. However, many of these measures still face legal and political obstacles.U.S. Treasury Department: The United States has granted Venezuela general licenses related to the oil and gas industry, gold, Venezuelan minerals, mining operations, and PDVSA (petroleum company).On August 28th, Rezaei, Secretary of Irans Supreme National Security Council, stated on the 27th that Iran will retaliate against any actions that escalate economic tensions and target US economic interests in the region. He indicated that if conflict breaks out again, Iran will prepare for a new phase, and any future war will be different from previous ones. The USs change of attitude and its economic pressure on Iran demonstrates that military strikes have not achieved their intended effects.U.S. Treasury Department: Another U.S. general license authorizes the sale of U.S.-origin diluents to Venezuela.U.S. Treasury Department: One of the licenses authorizes certain activities involving Venezuelan oil or petrochemical products.

S&P 500 Analysis: Santa Rally Coming to Town?

Eric Stanberg

Dec 23, 2022 16:20

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A Santa Rally is what?

Market analysts sometimes use the phrase "Santa Rally" to refer to either the full month of December or a much longer time frame.


The last week of December and the first two trading days of the new year are really referred to by this phrase. Markets gain value at that point.


According to research, the S&P 500 has seen a positive return over this particular 7-day span 79% of the time. No other comparable time frame has a greater likelihood of being higher.


It goes without saying that seasonality and calendar theories are not a certain technique to generate money since it is difficult to foresee the market conditions in any particular year.


However, the January impact, in which institutional investors put up positions for the next weeks as they get ready for the new year, may also be advantageous.


These kinds of investors could also rearrange their portfolios in order to close out losses from tax losses in December and then buy again in January.