Comments: Santa rally 2024?

 
Comments from Russell Shor, Senior Market Specialist at Tradu, on the possibility of a Santa rally this year; Russ believes the market is primed and ready for a Santa rally, and all relevant data released bolsters this.
Russell Shor, Senior Market Specialist at Tradu commented:
 
“The market is poised for a potential Santa rally, with positive economic data suggesting a more than likely rate cut by the Fed next week. Strong job growth, controlled inflation, and stable PMI numbers support this outlook. Solid earnings from the tech and consumer sectors have driven the S&P 500 above 6,000. Despite potential volatility, as long as growth and earnings remain strong, the market’s outlook stays positive.”