Santa’s Gone AWOL


While the year-end period is historically a strong period for stocks, this week Santa apparently forgot to do his part. Perhaps someone has been very naughty. The markets traded lower much of the week, with the iShares Dow Jones ETF (IYY) trading down 3.4% by the close on Friday while the SSR portfolio declined 3.9% for the week. There appeared to be some flight to safety as precious metals were the top sector this week, according to The ongoing slump in all prices continued to buoy airlines, including Delta Air Lines (DAL), which was the SSR top performer for the week, up 0.8%.

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