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Iranian state television, citing Iranian military sources, reported that it had struck US camps and bases in Kuwait and Jordan.Irans Revolutionary Guard: Four "illegal" oil tankers attempting to pass through the Strait of Hormuz were intercepted in a joint missile and drone operation.On July 18, the Iranian Islamic Revolutionary Guard Corps issued a statement saying that two oil tankers exploded and caught fire while passing through a mine-laying area in the southern part of the Strait of Hormuz. The statement emphasized that due to recent US military operations, the Strait of Hormuz is "completely closed," and oil and gas transport cannot proceed through the strait until the US ceases its military operations against Iran. Ships should avoid entering the mine-laying area. The statement did not specify the nationalities of the two oil tankers, the number of casualties, or the extent of damage.According to Iranian state television, the Iranian Revolutionary Guard stated that two oil tankers exploded and caught fire after passing through a mine-torn shipping lane south of the Strait of Hormuz.On July 18, Irans Islamic Revolutionary Guard Corps announced that its forces attacked US facilities in Bahrain, destroying a US unmanned surface vessel storage facility and striking an artificial intelligence center used to assist US forces in target acquisition. Iran stated that this action was a response to previous US attacks on Iranian infrastructure, including bridges, and warned that if the US continues to attack Iranian targets, Iran will expand its strikes to target US industrial, technological, and artificial intelligence-related assets in the Middle East.

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.

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