Although the Santa Claus rally the markets expected ended before ever starting, the "Big Three" still ended 2025 with a bang: The NASDAQ finished up roughly 20%, the S&P 500 gained about 16%, while the Dow Jones lagged at 13% but finished the year strong — exactly what seasonal traders expected.That late-year strength in the Dow didn't surprise me at all. Seasonally, it was set up to be the caboose early, and the finisher late. And that's exactly what happened.So, what does that tell us about the road into ...

The50% tariffs imposed in August had a significant impact on copper prices. Copper has spent the last two months consolidating the waterfall price collapse. Recently, prices appeared to have broken out of the congestion. The 50-day simple moving average (SMA) is still sloping down, but prices are trading higher, which, if they continue, will result in the SMA turning higher, supporting higher copper prices. Recently, price action has had multiple higher highs and higher lows, albeit not with significant pri ...