Meanwhile, the Fed's latest guidance was that 3 rate cuts are coming in 2024.
Markets are currently pricing-in 7 with a possibility of up to 9 interest rate cuts next year.
2024 is going to be a historic year.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) December 27, 2023
So the market either suffers major disappointment or we are in recession. That is the only justification for that many cuts next year.
— Nelson Cover, CFP (@NelsonCoverCFP) December 27, 2023
SPY has drawn around $40 billion in inflows in December, on track for the biggest monthly haul since it began trading in *1993* pic.twitter.com/qW5LZLINVf
— Gunjan Banerji (@GunjanJS) December 26, 2023
You are here. pic.twitter.com/KRtGsBBJ24
— Mac10 (@SuburbanDrone) December 26, 2023
$QQQ hit an all-time high today of $411.56 and closed at its highest price in history pic.twitter.com/my8Y2Gv58K
— Barchart (@Barchart) December 26, 2023