This is just a mini-holiday post on this last week of the year, gang. Last week's light volume trade left mostly red on the screen, with the S&P 500 (SPY) down about -1.6%. In fact, the only exceptions were Real Estate (IYR +4.1%), the US Dollar (UUP +0.8%) and a handful of commodities.
In spite of the holidays, trader's will no doubt be keeping a close eye on the evolving geopolitical rifts, as illustrated by the sharp rise in gold late last week (Bloomberg - Gold Rises on Tensions).
The first week of 2009 is again holiday shortened, but this time much lighter on the reporting calendars, as follows: