If we wanted to try to find some kind of holiday-appropriate description for the stock market this Christmas season, I suppose it would make sense to compare it to the infamous Grinch from from Dr. Seuss’ How the Grinch Stole Christmas. It certainly seems that as we moved from Thanksgiving into December, much of the prevailing tone and sentiment in the market turned increasingly sour. Even yesterday, on a holiday-shortened trading session traders seemed to chose to emphasize the negative, focusing on the prospect of a long government shutdown and the job security of Fed chair Jerome Powell. More →