Macro: It’s all about elections and keeping status quo
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
Technical Analyst, Saxo Bank
Summary: The benchmark S&P 500 skipped its customary Thanksgiving rally but a few interesting trading days may have revealed a line that US equity bears will prove unable to cross.