Stock Market Rally: Protect Profits or Buy Stocks? We’re searching for a new catalyst… The stock market is basically in a two week pause. The only significant rally comes on the back of the PPI data on November 10th. The #SPY continues hovering near the $400 level.
Economic data has the FOMC odds of raising by a lowered rate of 50 basis points. (A decrease in the pace of the hikes from recent meetings) The next meeting is on December 14, which makes roughly two months since the current rally began on CPI data published October 17, 2022.
So the question for us to ponder is this, “Is the December FOMC news already priced in?” and also… “What needs to happen for the stock market to continue the recent bullish rally?”
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