We Can't Hear You!
The final full trading week of 2023 was basically more of the same. With many market participants already in holiday mode, volumes were low but even a rare victory for the bears on Wednesday was swiftly reversed by the bulls. Wall Street seems determined to keep this party going as long as it can.
Last weekend, Fed officials began trying to pour whatever the opposite is of gasoline onto the fire of stock market euphoria. And as the week began, the Fed presidents of Atlanta, San Francisco and Chicago all joined their New York-based colleague in pushing back on the jubilant narrative…
The skinny
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