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At Goldman And Citadel Securities, The Santa Rally Has Believers
Traders who spent December wondering if the typical year-end “Santa Claus rally” was going to kick in may be getting what they’ve been waiting for.
NY Fed President Williams Says Some ‘Technical Factors’ Distorted November’s CPI Reading Downward
NY Fed President John Williams said that “technical factors” likely distorted November’s inflation data, pushing the headline reading lower.
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Despite Good News, Allianz Survey Finds Americans Feeling Stressed Out
Significant portion of Americans report increased financial stress according to Allianz Life survey 40% of respondents up from 34% feel more strained.
Year-End Money-Markets Angst on Fed Exit Echoes 2018 Crunch
Fed continued push to remove liquidity from financial system bringing back volatility to year-end trading overnight funding markets first in 5 yrs.
Anticipating Economic Downturn, UBS Forecasts Fed Will Drastically Lower Rates
The United States is poised to experience a recession in 2024, necessitating substantial reductions in interest rates, as projected by UBS.
Wall Street Banks Want to Forget About 2023. But 2024 May Not be Much Better.
This was yet another year to forget for much of Wall Street. Dealmaking slowed. Thousands of jobs were cut. Bonuses were slashed.