Financial Survival Network, Released on 12/20/21

1. Stocks are selling off across the board today. There are several supposed catalysts for the decline including JowE manchin saying he will not vote for the Build Back Better bill. The truth be told, this market has been under distribution since November 22nd when the tech heavy Nasdaq topped out.

2. When easy money policies are enacted it is easy for the markets to move higher. When the easy money is taken away it really reveals the truth of the tape. There are lots of problems in this market including inflation, more restrictions in the blue states due to variants, and lots of supply chain issues. Then you have a president with the lowest poll ratings ever.. That cannot be hidden now that the easy money is slowing down. In the past when we did not see all of this central bank money printing a president’s poll rating mattered.

Will the day after Christmas be a repeat of the day after Thanksgiving?

3. Gold and silver are slightly lower today. Bitcoin is also slightly lower as well.

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. After applying his knowledge to his client base and meeting his personal monetary goals, he decided it was time to begin teaching those interested in learning his trading and investing methodology. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.com and realize his dream of educating others about the truth of the markets. He now co-heads the education department at InTheMoneyStocks and enlightens thousands of members, along with providing consulting services to hedge funds and institutions.

  nick santiago, stock market, stock selloff