Pete Biebel from Benjamin F. Edwards suggests that a portion of Santa’s generosity may have already been distributed, indicating a potential early start to the anticipated Santa Claus rally on Wall Street. This traditional rally is characterized by the stock market‘s tendency to ascend during the final five trading days...
The stock market‘s streak of nine consecutive days of gains abruptly halted on Wednesday, just before the holiday break. The prevailing speculation attributes this interruption to the excessive bullish momentum driven by the recent pivot of the Federal Reserve, coupled with uncertainty surrounding the anticipated number of interest rate cuts...
Recent attacks on commercial shipping in the Red Sea are raising broader concerns about the potential resurgence of inflation, especially in Europe, posing a threat to the central narrative in the financial markets for the new year. This narrative gained traction after the Federal Reserve’s recent shift towards a more...
A pair of ‘doji’ formations has surfaced on the S&P 500’s candlestick charts, indicating the potential for a significant market move, although the direction remains uncertain. Despite a notable surge, signs of bearish sentiment are emerging in a key U.S. index. The S&P 500 is poised within 2% of its...
On Monday, U.S. stock futures flirted with reaching their peak for the year, buoyed by benchmark borrowing costs lingering near their summer lows. Here’s a snapshot of how stock-index futures are performing: In the previous session, the Dow Jones Industrial Average rose by 57 points, or 0.15%, to 37305, the...
U.S. stock markets capped off their seventh consecutive week of gains as they closed mostly higher on Friday, following the Federal Reserve’s policy meeting. According to Dow Jones Market Data, the S&P 500 achieved its lengthiest weekly winning streak since November 2017. Breaking down the performance of key indices on...
