The First Slice for Tuesday, December 18, 2023

The First Slice for Tuesday, December 18, 2023

The First Slice for Tuesday, December 18, 2023

On a high note, U.S. stocks kicked off the final full trading week of 2023, with the Dow Jones Industrial Average achieving its fourth consecutive record high. The S&P 500, on the other hand, was near its two-year peak and just 1.2% away from its all-time high. Investors are now observing whether the stock market’s typical December rally will continue or will encounter exhaustion amidst one of the strongest short-term surges in recent years.

The S&P 500’s seven-week winning streak, the longest in six years, has been fueled by optimism that the Federal Reserve will begin cutting interest rates in the coming year. The index has only achieved such a feat 20 times since 1964, extending the streak to eight weeks on 12 occasions. Despite some pushback from Fed officials, the interest-rate futures market still anticipates a significant rate reduction next year, which could support risk assets as bond yields decline.

Additionally, fund managers who had previously been cautious about the macroeconomic environment are now entering the market, potentially contributing to a performance-chasing trend as we approach the end of the year. This, coupled with the fact that retail investors withdrew substantial funds from ETFs and mutual funds despite a strong year for the S&P 500, suggests a continued appetite for equities as we approach year-end.

Amid this financial landscape, the National Association of Home Builders reported an increase in its monthly confidence index, reflecting renewed optimism in the housing market due to falling mortgage rates……….First-Slice-e1700879991202 The First Slice for Tuesday, December 18, 2023[read more]

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stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

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