Stock Market Outlook for December 8, 2025
Canadian Labour market data is providing important insight on how to position portfolios into the end of 2025 and through the start of 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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Canadian Gold Corp. (TSXV:CGC.V) Seasonal Chart
Tech Leaders Income ETF (TSE:TLF.TO) Seasonal Chart
Hannan Metals Ltd. (TSXV:HAN.V) Seasonal Chart
Solitario Resources Corp. (TSE:SLR.TO) Seasonal Chart
Goodfellow, Inc. (TSE:GDL.TO) Seasonal Chart
Huntsman Corp. (NYSE:HUN) Seasonal Chart
Canfor Pulp Products Inc. (TSE:CFX.TO) Seasonal Chart
Finning Intl, Inc. (TSE:FTT.TO) Seasonal Chart
The Bank of Nova Scotia (TSE:BNS.TO) Seasonal Chart
Sunoco LP (NYSE:SUN) Seasonal Chart
SPDR S&P Health Care Equipment ETF (NYSE:XHE) Seasonal Chart
Global X Social Media Index ETF (NASD:SOCL) Seasonal Chart
Quebecor, Inc. (TSE:QBR/B.TO) Seasonal Chart
Bird Construction Inc. (TSE:BDT.TO) Seasonal Chart
Northern Oil and Gas, Inc. (NYSE:NOG) Seasonal Chart
Nabors Industries, Inc. (NYSE:NBR) Seasonal Chart
Invesco DB Agriculture Fund (NYSE:DBA) Seasonal Chart
Verde Agritech Ltd. (TSE:NPK.TO) Seasonal Chart
Energy Select Sector SPDR Fund (NYSE:XLE) Seasonal Chart
Sprott Physical Platinum and Palladium Trust (AMEX:SPPP) Seasonal Chart
SPDR MSCI Emerging Markets Quality Mix ETF (AMEX:QEMM) Seasonal Chart
First Majestic Silver Corp. (TSE:AG.TO) Seasonal Chart
CRH, PLC (NYSE:CRH) Seasonal Chart
Wajax Corp. (TSE:WJX.TO) Seasonal Chart
Plains All American Pipeline, LP (NASD:PAA) Seasonal Chart
Aecon Group Inc. (TSE:ARE.TO) Seasonal Chart
Nutrien Ltd. (NYSE:NTR) Seasonal Chart
iShares Global Energy ETF (NYSE:IXC) Seasonal Chart
Denison Mines Corp. (AMEX:DNN) Seasonal Chart
The Markets
Stocks closed little changed, again, on Friday as the stall and digestion of the Thanksgiving week strength that the first half of December is known for continues to be revealed. The S&P 500 Index edged higher by just less than two-tenths of one percent, hovering around the upper bound of the gap that was originally opened on October 27th around 6830. Previous gap resistance at 6770 continues to be looked to as support. The market has been proving 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, but the hurdles overhead are major nuts to crack and require broader participation to definitively break. 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 bears continue to contend with positive seasonality for this time of year with gains the norm for market benchmarks in December, but a softer period on the calendar through the first half of December following the strong end of November performance may be sufficient to fuel digestion of recent strength. As we have been emphasizing, the 20-week moving average (now around 6600) has been the desired risk-reward point to adding new risk exposure to portfolios and the large-cap benchmark tested this point two weeks ago. 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:
- Weekly look at the large-cap benchmark
- Canada Labour Force Survey
- Breakout of the Canadian Dollar
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for December 8
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Sentiment on Friday, as gauged by the put-call ratio, ended bullish at 0.76.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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