"There’s no getting around that no matter how much we rally tomorrow.”Last week started off with Wall Street's worst-ever Christmas Eve drop, pushing the S&P 500 to within a whisker of bear market territory. President Donald Trump has suggested progress has been made in a trade dispute with China, which could boost stocks, Meckler said. Additionally, strong consumer data from Christmas spending could support the market.But after the violent swings this month, the last day of trading is expected to be relatively muted. "I think Friday's close should be viewed as very positive for bulls," said Oliver Pursche, a board member at Bruderman Asset Management. But despite the turnaround from significant losses in the session, Pursche said investors should be cautious moving into January.

Source: The Star December 31, 2018 00:45 UTC