The main driver pushing the market higher in the cooperation from the US Federal Reserve. They have cut twice this year and have given the tone that they will continue to monitor the economic data and will continue to cut if need be. This is much different than the rhetoric last year when they had a steady rate increase plan for the foreseeable future.
November brought a resurgence in the market, but not without flaws and some cracks in the armor as the longest bull market in history continues to grind higher. Let’s dive into the main drivers of this market.