Based on BlockTempo, Wall Street is warning that the traditional 'Santa Rally' in December may not occur this year due to increased market volatility. RBC strategist Amy Wu Silverman highlighted that no month has followed seasonal patterns this year, citing factors such as AI valuation uncertainty and geopolitical tensions. Schwab Asset Management's Omar Aguilar noted the market's momentum is unwinding and the catalysts for a December rally are weaker than usual. While the Federal Reserve's potential rate cut in December is seen as a possible catalyst, its timing remains uncertain. Despite short-term volatility, long-term optimism for the S&P 500 remains, supported by strong earnings and AI fundamentals.
Wall Street Warns: 'Santa Rally' May Be Missing This Year, Volatility to Take Center Stage
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