A new all-time high awaits the S&P 500 as investors 'buy into the euphoria,' says this strategist

Investors would be forgiven for wanting to sit out in the waning days of 2023, given recent volatility and the high hopes riding on that so-called Santa Rally.

That said, the setup is looking positive for Tuesday as trading gets underway in a shortened trading week. With the big inflation data now past us, all investors have ahead of them is a smattering of U.S. housing data and weekly jobless benefit claims in the next few days.

What…

Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.

Subscribe Now

Log In

You May Also Like

Nicolás Maduro, Venezuela’s contested president

During a rare news conference this week, Venezuela’s revolutionary socialist president reached…

Intel’s stock drops after U.S. revokes licenses for exports to China customer

Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that…

ChatGPT outage shows just how many people are using AI at work

‘I no longer know how to work’: ChatGPT outage causes panic among…

How can I buy my niece a home in her name only — without alienating or upsetting her husband?

“They live in her husband’s home that he purchased prior to their…