Promising
It looks as if we could get what we mostly got: a decent end of year rally. The November was positive so far, a +10% rise is very friendly and there could be more underway in December. Hopes for first interest rate cuts by the Fed are rising too, which would be a catalyst for the stock market.
Currently we are sitting at 4.557 points which is only 50 points away from the 52W high, that’s another 1% rise. The 2021 ATH 4.700 points of the S&P are also within reach, so everything is ready for the closure of a good year at Wall Street.
Will we see a new S&P ATH this year already?