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Two interesting articles — one suggesting that tax loss selling played a significant part in the stock market's year-end retreat.
Bottom line: US equity market sentiment hangs on a very fine balance just now. Tax loss selling was a reasonable (if unwelcomed) explanation for December’s parlous performance, paired with trade/Fed/White House headlines to add fuel to the fire. But the calendar turns very shortly. The market’s fortunes need to start turning soon as well, because we’re about to lose one excuse for lousy performance.
The other article (see below) makes me wonder, can we quantify the burden placed on the stock market by the Fed's planned bond redemptions?
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