SPX has rallied, VIX has fallen, and there’s been general improvement in the U.S. stock market’s internal indicators. Moreover, this is the beginning of another seasonally bullish period — the so-called Santa Claus rally.

Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without

By Stephen Culp NEW YORK (Reuters) -Wall Street stocks headed lower on Thursday and U.S. benchmark Treasury yields scaled the highest level since April in light, post-Christmas trading. The modest but broad-based sell-off pulled all three major U.