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Berger: Why I am shorting the S&P 500

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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.


As a result, Berger wants to take a more cautionary stance in the near-term and possibly buy on any dip into year-end. He is looking to sell at 2.100 with a stop loss at 2.120 and his target for the trade is 2.040