Could strong November gains spoil a final Santa rally? [Video]
|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?
PS: there was a ladybug in the studio today and it flew in front of the screen a little while. If you could see it, you may get lucky, who knows!?
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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