
Happy holiday Moomooers! How's your Christmas Eve going? Stock markets closed at 1 pm EST today. Let's take a brief look. Trading was thin during holidays, and the trading volume is almost 40% below the 30-day average. Equity gauges went slightly lower and Treasuries edged higher.

On Christmas Eve last year, the S&P 500 Index had dropped 20% and the bear was almost there.

But this year, though the benchmarks declined a little today, the S&P 500 Index still has gained 28% for the year.
Historically, gains in the last three months in 2019 has been in line with those normal in the past:

Source: MarketWatch
The average return overs years of the last quarter each year is 7.86%, lower than this year’s 8.66%.
The S&P 500 has not dropped over 1% since Oct. 8, but it hasn’t ever climbed over 1% since then either.

Editor/Celeste

祝大家节日快乐!你的平安夜过得怎么样?美国东部时间下午1时,股市收盘。让我们简单地看一看。假日的交易量很小,成交量比30天的平均成交量低了近40%.股票指数小幅走低,美国国债小幅走高。

去年平安夜,标准普尔500指数下跌20%,熊市已接近尾声。

但今年,虽然基准指数今天略有下跌,但标准普尔500指数今年仍上涨了28%。
从历史上看,2019年过去三个月的增长与过去的正常增长是一致的:

资料来源:市场观察
去年第四季度的平均回报率为7.86%,低于今年的8.66%。
标准普尔500指数自10月8日以来没有跌逾1%,但此后也从未超过1%。

编辑/塞莱斯特
Chinese Translation:
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