Equities continued their post-election rally after getting a lift from Friday’s solid November jobs report. The slightly hotter-than-expected report belies any recession risk, but investors continue to factor in an interest rate cut later this month. The S&P 500 and the NASDAQ both hit new all-time highs, and all signs point to the rally in stocks extending into 2025.
Next week, investors will get the latest read on inflation when the Consumer Price Index (CPI) and Producer Price Index (PPI) data is released. However, unless the numbers come in much hotter than expected, the data will be unlikely to dampen hopes for a rate cut.
The market is frothy, but as we charge towards a highly likely Santa Claus rally to end the year, it’s best to trade the trend which is for higher stock prices. However, that doesn’t have to mean putting your money into risky stocks. There’s plenty of quality out there and the MarketBeat team is here to help you find it. Here are some of our most popular articles from this week.
