Inflation and Technical Factors Stir Uncertainty in Stock Market

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Finance Nouvelles

Inflation,Stock Market,Santa Claus Rally

The stock market's current uncertain status is largely driven by a higher inflation rate and a combination of fundamental and technical factors. As Christmas approaches, the market's performance remains unpredictable, with a slight uptick but still on a downtrend since October 7, leading to a debate between a potential 'Santa Claus Rally' and a 'Dead Cat Bounce'.

The stock market's current uncertain status is largely attributed to a higher inflation rate. As Christmas approaches, the market continues to exhibit mixed reactions due to a combination of fundamental and technical factors, leading to a debate between a potential 'Santa Claus Rally' and a 'Dead Cat Bounce.' Trading results up to December 4 show a soft performance, with the market experiencing a slight uptick but still on a general downtrend since October 7.

The market reached its highest point of the year on October 7 at 7,604.61, but by November 29, it had fallen to 6,613.85, reflecting a year-to-date net gain of only 2.54%

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