Watch out for this fellow:

We are allowing the markets to ‘reset’ after any low-liquidity aberrations that might have occurred in the final 1 – 2 weeks of the year.  That said there is general tendency for the markets to change character during the first quarter regardless of the fact this is an election year.  We are closely monitoring the formation of the ‘January Barometer’, the February Groundhog Day Effect, and the Important Vernal Equinox in March.  Normally, a correction is expected within the next 90 days.

This is the year of the DRAGON in Far East beginning February 10. The Dragon symbolizes power, nobleness, honor, luck, and success in traditional Chinese culture. The Dragon is a supernatural being with no parallel for talent and excellence. The Dragon appears in many ancient cultures with a similar name. One view that the dragon represents spaceships that visited the earth and were described as dragons due to the misunderstanding of technology.

GENERAL NEWS:

Following the lackluster performance seen in recent sessions, […]

https://www.howestreet.com/2023/12/new-excitement-in-the-bond-market-mark-leibovit/

NEW EXCITEMENT IN THE BOND MARKET