The S&P 500 Is About to Hit a New All-Time High. Here's What Comes Next.
"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.
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"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.