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Berger: Why I am shorting the S&P 500
Thanksgiving week has been good for both US and European equities, so Serge Berger thinks it is time to go short before the usual selling pressure in early to mid-December sets in.
Berger also points to a number of big macro events in the coming week, which will impact the markets. The European Central Bank meets on Thursday December 3 to discuss further easing to boost the Eurozone economy. US jobs data for November will be released Friday December 4, which will be seen as a strong indicator for whether or not the US Fed will hike rates, when it meets later in the same month.
01:11 minutes
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