🎅 Santa Rally Kicks Off? Where Will S&P Close in 2024?
@yourcelesttyy:
📈 Market Overview: As we move into the final trading week of December, investors are eyeing the Santa Rally, a historically bullish period for equities in late December. With the S&P 500 ( $.SPX(.SPX)$ ) already up significantly this year, the question remains: Will the rally push SPX beyond 6,000 points? Could it even hit a new all-time high? 📊 Key Data Points: 🔍 Key Catalysts Driving the Rally: Earnings Momentum: Strong Q4 results from major sectors, including tech and consumer discretionary. Seasonality: Historical data suggests markets perform well in the final week of December due to portfolio rebalancing and positive sentiment. Fed Policy: Recent dovish signals from the Federal Reserve are reducing recession fears and boosting investor c