The markets are down off its record highs. But, says one strategist, December is a reason to be positive in the markets.
The S&P 500 continues its longest losing streak since September. After reaching record highs last week, the market's benchmark index is down 1% and below the psychological 1800 level.
CNBC contributor Gina Sanchez, founder of Chantico Global, says recent data are showing encouraging signs for the economy, particularly with employment. Payroll processor ADP reported an addition of 215,000 jobs in the month of November, 42,000 higher than the average economists' estimates. As well, October figures were revised up by 54,000 to 184,000.
"I think the market conditions are getting better," says Sanchez. "The ADP number is definitely a fantastic number. If you look at revisions for October, that was also very strong."
Sanchez also sees positive indicators for the labor market in recent auto sales statistics. Though Honda and Volkswagen were down, the Big Three USRead More »from Get ready for a Santa Claus rally in the markets: Strategist