First off, to all my readers in the United States: Happy Thanksgiving!
As we move into this holiday weekend, I hope everybody remembers the market is closed tomorrow and only open for a half day on Friday.
Personally, I’m looking forward to this long weekend for two reasons. The first is the traditional gathering of family, friends, football and food, which always brings me so much joy. The second is what this long weekend tends to mean for the overall market and how it closes out the year.
Traditionally, Thanksgiving marks a year-end stock market turnaround as positive sentiments spread from Main Street to Wall Street. Heading into this weekend right now, I don’t see any reason why the same thing shouldn’t happen to some extent as 2016 comes to a close as well. I’m certainly not making any promises yet for 2017, but I look forward to the markets experiencing a little bit of holiday cheer from now until year’s end.
In the meantime, I want to kick off this holiday season by wishing all the best to you and yours!