Stocks may be entering an optimal period in the Thanksgiving holiday week

market volatility around the appointment

"Barring a change at the helm of the Fed, I think the market trajectory is going to continue to be higher, as we move toward 2022," said Jeff Schulze, investment strategist with ClearBridge Investments. "Given that Brainard is even more dovish than Powell, I think markets would recover very quickly... the markets are unsure whether the new Fed chairman could command consensus within the FOMC to effectively deliver policy," he added.

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