Market Expected to Calibrate After Strong Year

This comes amid what is expected to be a more toned-down week for trading activity. On Tuesday, the New York Stock Exchange closes early at 1 p.m. ET for Christmas Eve, while the bond market closes at 2 p.m. The market is also closed on Wednesday for Christmas Day.Tech names and semiconductor stocks were among the big winners of the day, lifting the S&P 500 and the Nasdaq.

September's readingWith few trading days in store, some investors are hoping for a Santa Claus rally to conclude what has already been a strong year for the market. And that's not completely out of the ordinary. According to the Stock Trader's Almanac, theBut Jay Hatfield of Infrastructure Capital Advisors is calling for a bit of a stall in the market over the coming days. He is sticking with his year-end 2024 S&P 500 target of 6,000, which implies only a 0.4% increase for the broad market index from Monday's close. 'We might get a Santa Claus rally, but those aren't that powerful rallies,' the firm's CEO told CNBC.'We're neutral on the market.'Not all constituents in the retail ETF are on pace for a losing month, however. The top performer of the bunch is tariff plans may not be all that impactful, according to Infrastructure Capital Advisors' Jay Hatfield. The firm's CEO thinks investors may be missing the deflationary element present in the dollar's gains. His remarks come as the'In general, investors are too optimistic about growth and too pessimistic about inflation,' Hatfield said in an interview with CNBC.'It's kind of irrational for investors to fear inflation from tariffs, but yet the dollar has already wiped out all of the potential – or most of the potential – increase in prices.''If the Trump administration raises tariffs 10%, but the dollar is appreciated 10%, that shouldn't have any significant impact,' Hatfield continued.S&P 500 futures, as well as Nasdaq 100 futures, traded just above the flatline. Futures tied to the Dow Jones Industrial Average gained 31 points, or about 0.1

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed Rate Cut Expected, But Hawkish Tone May Trigger Market VolatilityThe Federal Reserve is widely anticipated to cut interest rates by 0.25 percentage points on Wednesday. Investors will closely watch the Fed's statement and Chair Jerome Powell's press conference for clues about future monetary policy. Analysts predict a hawkish tone, potentially leading to market volatility.
Source: NBCDFW - 🏆 288. / 63 Read more »

Timberwolves Expected To Be Active In Trade MarketTimberwolves Expected To Be Active In Trade Market - RealGM Wiretap
Source: RealGM - 🏆 580. / 51 Read more »

Market Correction Expected After Reaching Ideal TargetFollowing the FED's forecast for two rate cuts in 2025, the market is experiencing a correction. Analysts predict the index will likely reach SPX6060-6175 before a 5-7% correction sets in. The analysis suggests a potential bottoming out around $5735-5810 before a further upward movement to at least $6280.
Source: Investingcom - 🏆 450. / 53 Read more »

Czech National Bank Expected to Pause Rate Cuts, Market Pricing Too HawkishING's FX analyst Frantisek Taborsky predicts the Czech National Bank will likely pause its rate cutting cycle on Thursday, keeping rates at 4.00%. Rising headline inflation projected to exceed 3% in December is the main reason for the pause, though core inflation remains close to the central bank's 2% target. The focus will be on the February forecast and the January inflation print.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Vegan cheese market expected to grow to nearly $9 billion by 2031: studyA market research firm recently published a study finding that the plant-based cheese market will grow to be worth nearly $9 billion by 2031, though carnivore diets may impede on the growth.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Jobs Market Revisions Reveal Weaker Performance Than ExpectedThe BLS revised its job loss estimates downwards, but further reductions are anticipated. The Philadelphia Fed predicts even larger revisions in 2024, potentially impacting monetary policy and market sentiment.
Source: Investingcom - 🏆 450. / 53 Read more »