Dirk Willer, Global Head of Macro Strategy and Asset Allocation, and Alex Saunders, Head of Global Quant Macro Strategy, offer two reasons they think it’s too early to give up on a Santa rally. First, with the government shutdown behind us, economic data will flow again and we expect a Fed rate cut in December. Second, liquidity will improve on the margin. Both should be mildly positive for equities into year’s end.
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