Crucial Insights for Today’s U.S. Trading Session As we approach the end of 2023, investors might contemplate staying on the sidelines given recent market fluctuations and the lofty expectations associated with the elusive Santa Rally. Nevertheless, the outlook seems positive for the upcoming Tuesday trading session in this abbreviated week....
The market’s favorable prospects extend into the initial days of January, marking this period—from the end of Christmas to the first two trading sessions of the new year—as the Santa Claus Rally with strong statistical support, as defined by the Stock Trader’s Almanac. Out of 127 instances since the inception...
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...
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...
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...
As the year approaches its conclusion, financial professionals can enumerate a range of reasons for the continued ascent of the U.S. stock market. Nevertheless, a faction of Wall Street strategists contends that attributing the market gains solely to the possibility of a “soft landing” for the U.S. economy or potential...
