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Market Rebound: Will Thanksgiving Week Break the Four-Year Pattern?
The S&P 500 index fell about 2% in November, marking its worst monthly performance since March, while market volatility surged. Citi’s Head of Wealth Management said there is still “some room” for the bull market, and this Wall Street giant has seen record inflows from wealthy clients this year.
Last Friday, expectations for a rate cut shifted again, prompting an emergency Fed intervention that ultimately turned the market positive.
Will this week see a “mindless” rally? With the Fed set to end QT in December, is this year’s decline over? Are you bullish or bearish?
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