The markets were moving higher to end the week, but will it be enough to bring about the hoped-for Santa Claus rally? The belated November inflation reading helped, as did a jobs number that supported future rate cuts. Money continues to move into the market even as there are signs of sector rotation.
However, the macro story remains mixed. Investors got hit with weak November housing data to end the week, which could weigh down overall sentiment.
Next week will be a shortened trading week due to the Christmas holiday. Markets will be closed that day and close at 1:00 p.m. on Christmas Eve.
