Santa Rally Incoming?

This is our weekly market update. As always we start in the US, cover oil and gold, as well as treasuries, and then move through Europe and Asia before we cover Australian developments and crypto. A succinct summary of the weeks events. A searing late-year rally has brought the S&P 500 to a fresh 2023 closing high, as investors bet the Federal Reserve is done raising interest rates and the U.S. economy will remain resilient in the face of tighter monetary policy. Fed Chair Jerome Powell said the risks of hiking interest rates too much and slowing the economy more […]