Page 7 - Nalyst Note News Today

"If the S&P 500 can confirm the Dow Jones Industrial Average's December 13 all-time high, it would support the case for further gains," NDR said.

"This gauge should be a source of comfort to market bulls, meaning that minor pullbacks in the weeks/months to come likely should be buyable."

"There could be a much more sustainable relative trade away from quality and toward small caps" in 2024, Morgan Stanley said.

"In any event, bullishness has gotten a bit excessive of late," market veteran Ed Yardeni said in a note to clients on Wednesday.

The Santa Claus rally phenomenon was discovered in 1972 by Yale Hirsch, creator of the Stock Trader's Almanac.

"We remain cautious on risky assets and the broader macro-outlook due to the interest rate shock that should negatively impact economic activity."

Liquidity conditions "are near the worst levels since the pandemic. Next week could see some wild volatility," Ned Davis Research said.

"Resilient growth and falling rates should benefit stocks with weaker balance sheet, particularly those that are sensitive to economic growth."

"GLP-1 based medicines will have a profound effect on the health of individuals, the manufacturers of these drugs and the broader healthcare system."

The astounding strength of the US economy since the pandemic means investors should stick with US stocks for years to come, Carson Group said.