To The Moon

Trump said on Wednesday the next chairman of the U.S. Federal Reserve will be someone who believes in lower interest rates "by a lot."

Wall Street appeared to have all the pieces in place for its traditional advance in December heading into the final trading days of the year, powered in part by a Federal Reserve rate cut, slumping global energy prices, steady performance for the market's biggest tech stocks, and data suggesting a resilient domestic economy.But the clock is ticking. With just eight full trading days between now and the end of the year, both the S&P 500 and the tech-focused Nasdaq Composite are in negative territory for the month, and showing little signs of a breakout that would deliver a so-called Santa Claus rally for U.S. stocks."December is indeed historically one of the stronger months of the year, with gains more than 73% of the time," said Ryan Detrick, chief market strategist at Carson Group, who noted that most of the benchmark's 1.4% average December gains since 1950 were booked over the second half of the month.Investors are definitely in agreement; Bank of America's closely tracked survey o

SummaryFinancial markets expect quarter-percentage-point rate cutFed divide over future rate reductions may spur hawkish turnPolicy statement, updated economic projections due at 2 p.m. EST (1900...