December could be good for the stock market, but there’s one big risk


The Charging Bull near Wall Street is pictured in New York.

Carlo Allegri | Reuters

Stocks have had a bang-up year so far, and they’re heading straight into the month that is often the best of all.

The S&P 500 is up more than 25% for the year. Thanksgiving week was technically positive for the market, with the small cap Russell 2000 breaking out, joining other indexes in an uptrend.

Stocks, however, were lower Friday in sluggish trading after the Thanksgiving holiday. Through Wednesday, the Dow, Nasdaq and S&P 500 had all popped to new record highs, with consumer discretionary and tech names leading the market higher this past week. The Russell 2000 is not yet back to its highs, but it…


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