"Wall Street's 'Everything Rally' Fueled by Fed Rate-Cut Hopes"
TL;DR Summary
The November rally in stocks on Wall Street is being fueled by hopes of Federal Reserve interest-rate cuts in early 2023, leading to a speculative twist in the market. Traders are piling into speculative bets such as GameStop, Bitcoin, and Nvidia, while also using bullish equity options. Defensive assets like gold and Treasury bonds are also seeing increased demand. However, investors should consider the potential risks to rate cuts in the first quarter, as it could indicate underlying economic problems.
Topics:business#defensive-assets#everything-rally#fed-rate-cut#finance#speculative-assets#wall-street
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- Nasdaq 100, Gold Price Forecast: Has the Fed Greenlighted a Santa Claus Rally? DailyFX
- The U.S. Fed relief rally is here, says strategist BNN Bloomberg
- CHART OF THE DAY: Fear of missing out may heat up market rally even more after $240 billion fled stocks and $1 trillion flowed to safer bets Yahoo Finance
- View Full Coverage on Google News
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