"Wall Street's 'Everything Rally' Fueled by Fed Rate-Cut Hopes"
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.