Tag: maarket forecast

(25 December 2023)  US stocks pushed higher for the eighth straight week as slowing PCE data provided more evidence for an imminent Fed pivot.  The S&P 500 gained less than 1% on the week to 4754 while the Nasdaq-100 finished at record high weekly close at 16,777.  This bullish outcome was not unexpected as the Mercury-Jupiter and Venus-Mars-Uranus alignments both hinted at further upside. The disinflation story continues to gain traction here as most data is signaling slower growth amid reduced price pressures.  And with inflation trending lower, the soft...