The S&P 500 ended the 3rd quarter in good shape and usually the 4th quarter is pretty decent with a “Santa Claus” rally to end the year. However, this year Santa left us all a lump of coal! In fact, in December alone the price change on the S&P 500 was –9.18% and for the 4th quarter it was down 13.97%. All in all, this terrible quarter ended up pulling the entire market down for the year. The price change on the S&P 500 for the year ended up being –6.24%.
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