Could strong November gains spoil a final Santa rally? | MarketTalk: What’s up today? | Swissquote
Show notes
Here we are, saying thanks and goodbye to the excellent month of November for both bond and equity markets. US bonds rallied, and the bond yields melted starting from the end of October remember, and the melting bond yields offered to the S&P500 one of its biggest gains for a month of November.
The debate now is, will such a strong month of November spoil our Santa rally, or the US stock markets will continue to extend gains in December?
Good news is, inflation falls on both sides of the Atlantic, and energy prices look much less threatening given that Europeans reduced their exposure to Russia gas, and OPEC failed to deliver enough supply cuts to boost oil prices.
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