Barron’s: “The Stock Market Had a Wonderful Thanksgiving. Now It’s Time to Celebrate Christmas.”
By datatrekresearch in IN THE NEWS
Excerpt from Barron's quoting DataTrek co-founder Jessica Rabe:
.... "But there’s more to a potential rally than purely technical matters. Jessica Rabe, co-founder of DataTrek Research, points to the end of the Federal Reserve’s tightening cycle. The central bank last raised interest rates in July, and the market is coming around to the idea that it was the last increase of this rate-hiking campaign.
That has generally been good news for the S&P 500, which has gained 17% on average in the year after the last increase in cycles ended in 1995, 2000, 2006, and 2018, Rabe found. With the S&P 500 mostly unchanged since the Fed’s last interest-rate hike in July, it suggests the index has a lot of making up to do"....
Full article here on Barron's.
