Lates News

During the quiet holiday trading, the S&P 500 index continued its rally towards a historic high. NVIDIA's stock price rose as analysts are optimistic about its licensing agreement with the artificial intelligence startup Groq. Market sentiment remains positive, supported by seasonal patterns. Despite the optimistic expectations for the artificial intelligence trend and the outlook for the Federal Reserve interest rates, which are being scrutinized more closely, the stock market bulls are focusing on the so-called "Santa Claus rally," meaning the uptrend from the last few trading days of the year to early January, which is seen as a potential catalyst for further market gains. Piper Sandler's chief market technician, Craig Johnson, stated that the market is expected to maintain a structural trend in the last four trading days, but with a tendency towards differentiation. The expansion of market breadth combined with a slowdown in inflation supports the assessment that the Santa Claus rally may occur before the end of the year.