Santa Claus rally expected to boost S&P 500, Wells Fargo predicts index to reach new highs.

From Investing.com: 2024-12-05 05:53:04

The annual speculation of a “Santa Claus rally” has surfaced early in December, with the S&P 500 already up nearly 27% in 2024. Historically, December is the third-strongest month for equities, with a positive trend from November to January. Wells Fargo’s Scott Wren predicts the index could hit 6500-6700 by 2025, advocating for sector adjustments and disciplined buying on pullbacks. Two rate cuts from the Fed are expected in the next year, with broader risk opportunities in 2025.



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