S&P up for the past weeks
I told you in this post that chances are not bad for a juicy christmas rally and we weren't disappointed!
The S&P rose +4% within the past four weeks and closed at 4754 points yesterday. What a jump!
Jerome Powell was a main driver of this climb since he indicated in a recent speach, that the Fed is done with interest rate hikes and that we might see three cuts next year. That eases financing pressure especially on Tech and growth companies and the stock market breathed a sigh of relief.
Merry Christmas, Investors! We have reason to celebrate.🎄🎁