Will Another Rocky Trading Session Cancel a Year-End Santa Rally? 12/20/22

Markets are bracing for another rocky trading session, with recession risks continuing to weigh on investor sentiment. Palumbo Wealth Management’s Phil Palumbo discusses Wall Street’s hopes for a year-end Santa rally. Plus, authorities in China are scrambling to add hospital beds and build screening clinics as a new wave of Covid cases sweeps through the country. The Wall Street Journal’s Jonathan Cheng gives the latest. And, it’s another busy day for traders, with a slew of economic data and earnings reports on deck. Gilman Hill Asset Management’s Jenny Harrington and Oppenheimer Asset Management’s John Stoltzfus weigh in on what to expect. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.