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CNBC: Market Remains Confident in Year-End Rally, Cautious Optimism on the Rise
BlockBeats News, December 3rd. According to CNBC, despite some turbulence in the market at the beginning of December, the trading engine still seems to have momentum, poised to reverse the volatility seen in November. Bitcoin has recovered some of its recent losses, and tech stocks rose in U.S. Tuesday trading, helping the stock market bounce back from the pullback seen in the previous trading day—interrupting a five-day streak of gains. This rebound indicates that investors' willingness to take on market risk has not disappeared, but rather needed a moment to catch their breath.
Other indicators also show that the market maintains confidence in an end-of-year rally. According to CME FedWatch, investors expect an 89.2% probability of a quarter-point rate cut by the Fed at the upcoming December 10th meeting. This expectation has surged significantly compared to a month ago when the probability was close to a coin flip.
Doug Beath, Global Stock Strategist at Wells Fargo Investment Institute, said, "Barring a significant surprise, the market's attention is shifting back toward fundamentals. The market appears to be focusing on better-than-expected earnings forecasts for the fourth quarter and calendar year 2026, as well as looking beyond the current soft patch in the economy we are in, toward an acceleration of growth later next year." If investors are looking for a theme for the year-end rally, they may have finally found it: a cautiously optimistic sentiment is working to drown out the market noise.
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