Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Monday, December 24. Once again, major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes declined. Today’s losses moved the Dow Jones Industrial Average, S&P 500 and NASDAQ into bear-market territory on this shortened trading day. Jim emphasizes that with the recent losses, the “probability for gains continues to increase next year.” Looking ahead to 2019, Jim predicts a return to more normalized trading volume and a renewed focus on earnings and economic growth—among other things.