So far, the Christmas Eve low in U.S. stocks is holding. Boy, wouldn't that have a nice ring to it if it sticks and stocks eventually return to new all time highs? I'm not saying it will, but that sure would be interesting.
In the past week, stocks across the board firmed up. But I'm not one to put too much weigh on the first partial week of trading activity to ring in the New Year. I think this coming week will give us a better indication of where the path of least resistance is.
So while I'm not yet convinced it is safe to buy here in the U.S., there is some tempting mean reversion happening in Latin America that has us interested.
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