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The Santa Claus Rally period starts on Friday, December 22, with stocks rising an average of 1.3%. The odds favor Santa Claus’ arrival with good bull market cheer.
Some expect small- and mid-cap growth names will benefit from an expansion in the market's rally, and the boost from artificial intelligence.
Investors will eagerly parse through Fed Chair Jerome Powell's commentary for any signal into when rate cuts can be expected in 2024.
Some market observers worry the index could be getting ahead of itself.
A popular measure of volatility is drawing attention as it drops to fresh lows. But some investors are worried it could be a precursor to a bearish surprise ahead.