The Sector models were down on average about -1.2% on the week, slightly more than the SPY which down just shy of one percent. The market had a highly volatile week. It put in new recent lows on Monday, before gapping higher on Tuesday and responding very well on Wednesday to the rate hike news, only to sell off nearly 4% and close on the its lows. No sign of any “Santa Clause rally” yet.
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