Stock Market Outlook for December 17, 2025
The labor market may be weakening, but our desire is to buy exposure in some of the weakest segments for the prospect of a turnaround early into 2026.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.
Stocks Entering Period of Seasonal Strength Today:
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Western Copper Corp. (TSE:WRN.TO) Seasonal Chart
Healthcare Services Group, Inc. (NASD:HCSG) Seasonal Chart
Viking Therapeutics, Inc. (NASD:VKTX) Seasonal Chart
Osisko Metals Inc. (TSE:OM.TO) Seasonal Chart
Disclaimer: Comments and opinions offered in this report are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered is believed to be accurate, but is not guaranteed.
The Markets
Stocks ended slightly lower, again, on Tuesday as investors reacted to data expressing a weakening labor market. The S&P 500 Index shed just less than a quarter of one percent, slipping below the range of the gap that was originally opened on October 27th around 6830. The prior zone of gap support at 6770 is now being tested, something that we were open to the possibility of before the notorious year-end seasonal positivity takes hold. Despite the slide recorded in recent days, the market continues to prove that it is no longer showing greater respect to levels of resistance than to levels of support, at least on an ultra-short-term timescale, and the likelihood is good that we will see the significant hurdles overhead attacked once into the Santa Claus Rally period that starts this week (according to our own definition of the holiday driven influence). The major threshold on the upside to scrutinize is, quite obviously, the all-time high at 6920 that was charted at the end of October; the risk of a double-top at this threshold is certainly apparent, but unlikely to materialize anything of substance until after the the positive seasonality for stocks at year-end. Perhaps with some uncertainty arising surrounding technology, so far everything is playing out well according to our playbook and we continue to embrace the new themes that are emerging to invest in (refer to our list of candidates in the market that are worthy to Accumulate or Avoid for ideas on how to position).
Today, in our Market Outlook to subscribers, we discuss the following:
- Market & Technical Takeaways
- Labor Market & Macro Takeaways
- Government vs. Private Employment
- Consumer Health Signals
- AI & Infrastructure Winners
- Defensive Play
- Wages
- Portfolio Strategy Implications
- Energy & Commodities
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Sentiment on Tuesday, as gauged by the put-call ratio, ended close to neutral at 0.94.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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