The Latest Breaking News from Santa Claus Rally

All three main equity indexes flew like the down of a thistle on Christmas Eve.

The S&P 500 can continue to rally through year's end due to earnings growth, cash flow and the growing capital returns from blue chip companies.

The S&P 500 heads into the long holiday weekend less than 1% off its record close.

Federal Reserve Chair Jerome Powell kicked off the holiday season with another interest-rate increase. He also lit the fuse for a sell-off in the stock market by telling the world, “We have more work to do,” signaling additional rate hikes in 2023. A year-end “Santa Claus Rally” could still materialize,…