I believe it's completely normal and healthy for the market to experience a pullback and correction after several weeks of a rally. The market can't keep climbing indefinitely without taking a breather. These corrections are actually necessary for long-term stability, allowing the market to reset and prepare for the next phase of growth. The rally we've seen was strong, and it’s only natural that we would see some consolidation after such a run-up. This isn't the end; rather, it’s just a temporary pause as we prepare for the next potential rally in the future.
As for the Christmas rally, I believe it has already run its course for 2024. The rally kicked off earlier this year, and while it had a strong start, it seems that we’ve already seen the peak for this period. The combination of hawkish Fed expectations, rising inflation concerns, and the high Shiller PE ratio suggest that we're entering a phase where upside potential is more limited in short term.
@Tiger_comments @TigerStars
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