 week of trading mostly with a big sell off and markets way down on the week but the week after Thanksgiving and all of December historically a good time for markets the so-called Santa Claus rally so are we going to see one this year let's bring in Melissa Armo founder of the Stock Swoosh and Melissa great to see you so early here on this black morning okay what do you think Santa Claus rally in store I think it's a little bit too soon to say I'm very bullish in the market it doesn't even matter necessarily today if we follow we're lower this morning I think you can't take a lot out of today's training because we're only open for a few hours and a lot of people are off today but I will say this next week is an important week for the market and really the month of December it's it's we don't know if the Fed is really gonna raise rates yes it was predicted that they were going to but because we've had so much shelling in the month of October maybe the Fed is going to back off so even though everyone's very upset about the fact the market hasn't followed through we rallied the day after the election and then we dropped off since maybe this is what needed to happen for the Fed to back off a little bit I'm not sure about that Melissa because the Fed I think it's 80% probability that futures of pricing for I know I know and if you don't go in December it looks like you're cow-towing to government brochure well Trump has been you know he's been out there and he's been saying I think they're raising rates too soon I'm not saying that that they're gonna listen to Trump but I'm saying that you have to look at the fact that the market has sold off quite a bit from the beginning of October till now we haven't rallied and why the economy is strong I don't think not raising rates in December is going to be that critical I think that they can take their time doing a little bit more now let's just say they do race rates what's going to happen in the market market is still holding the uptrend right now will it continue to do that it's going to have to do with rates and it's also going to have to do with that if anything gets resolved at the summit that's coming up at the end of the month yeah between China and Trump and are the tariff issues going to get resolved or not one of those things if one thing happens in the market's favor which is not raising rates in December or if the tariffs definitely if the tariffs get resolved that would be huge for the market or even an inclination that they might get resolved any positive anything positive takeaway out of that meeting between China and Trump would be great for the market to show a Santa Claus rally at this point it's too soon I felt very bullish on the market I still feel bullish on the market I felt the market might make even new highs before the end of the year it still might but I'm telling you that next week is so critical for the market and I'll be able to tell a lot better after the first of December we're gonna be able to do it so next week to watch out for Melissa let me just quickly ask you though give me a probability I know you said it's too early but 66 out of 90 I think 90 times we've seen a Santa Claus rally into December your call well the market's still strong to me well of course we can still rally we can see a Santa Claus rally of course but what I was originally looking at was the market to go back up like the Dow didn't get to that 27,000 number he almost did that would have been so much better if we had held on right after the election and we would have gone right back up there but the fact is we didn't so now to say will we make new highs by the end of the year a year I'm not a hundred percent we'll be rallying have a Santa Claus rally yeah probably but to me what I wanted to see was was that certainty that strength in the market to make another new high after that October sell-off would be so much better okay Melissa always a pleasure thank you so much have a great weekend love to see some new highs this year