Will Another Rocky Trading Session Cancel a Year-End Santa Rally? 12/20/22

Markets are bracing for another rocky trading session, with recession risks continuing to weigh on investor sentiment. Palumbo Wealth Management’s Phil Palumbo discusses Wall Street’s hopes for a year-end Santa rally. Plus, authorities in China are scrambling to add hospital beds and build screening clinics as a new wave of Covid cases sweeps through the country. The Wall Street Journal’s Jonathan Cheng gives the latest. And, it’s another busy day for traders, with a slew of economic data and earnings reports on deck. Gilman Hill Asset Management’s Jenny Harrington and Oppenheimer Asset Management’s John Stoltzfus weigh in on what to expect.