From Quiver Quantitative:

Stock markets are hitting record highs in the final days of 2023, driven by significant gains in technology stocks and prospects of future Federal Reserve rate cuts. The Nasdaq 100 is on track for its best performance since the dot-com bubble of 1999, reflecting the surge in tech stocks. Labor market data sparked interest, with U.S. initial jobless claims rising slightly to 218,000. The bond market is witnessing its largest two-month gain on record, with the yield on 10-year Treasuries around 3.8%. Market focus shifts to next week’s crucial U.S. jobs report and expectations of growth. Oil and currency markets are also reacting to global economic indicators and supply dynamics.



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