US stocks are looking to start the day higher in what bulls are hoping is a turnaround Tuesday.   After two straight daily declines of nearly 2%, you would expect at least some sort of bounce.  After all, stocks can’t go down every day, can they?  Read today’s Bespoke Morning Lineup below for major macro and stock-specific news events, updated market internals, and detailed analysis and commentary:

Bespoke Morning Lineup – 12/18/18

Heading into today, the S&P 500 is now down 7.8% for the month of December.  If the month were to end today, it would go down as the worst month for the S&P 500 since May 2010, so clearly, these kinds of declines are not typical of bull markets.  Furthermore, for the month of December declines of this magnitude are practically unheard of.  The last time the S&P 500 had a weaker MTD December performance through the close on 12/17 was in 1931!

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