Goldman Sachs cut its rating on global stocks to neutral for the next 3 months, saying stocks are at risk of a brief selloff as rising inflation boosts government bond yields.

Sep E-mini S&Ps (ESU14 +0.32%) this morning are up +0.29% on a +1% recovery in the Euro Stoxx 50 index and a +1.8% recovery in Russian stocks.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas...

Another news-laden day as the markets rush to complete business before the Christmas-New Year hiatus. Plus my first predictions for 2014.