\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n

Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n

The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n

Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/strong><\/em> Chinese Platform WeChat Accepts Payments With The Digital Yuan CBDC<\/a><\/p>\n\n\n\n

Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n

The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n

Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

e-CNY is currently being pilot-tested in 26 Chinese cities and provinces. Standard Chartered targets plot tests of the digital yuan in cross-border payments, supply chain, and trade financing. The move comes when China is championing for businesses to drive the uptake<\/a> of e-CNY. Recently, the Chinese central bank launched a B2B digital renminbi platform to streamline cross-border functions.\u00a0<\/p>\n\n\n\n

See Related:<\/strong><\/em> Chinese Platform WeChat Accepts Payments With The Digital Yuan CBDC<\/a><\/p>\n\n\n\n

Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n

The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n

Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Standard Chartered Cross-Border Payments<\/h2>\n\n\n\n

e-CNY is currently being pilot-tested in 26 Chinese cities and provinces. Standard Chartered targets plot tests of the digital yuan in cross-border payments, supply chain, and trade financing. The move comes when China is championing for businesses to drive the uptake<\/a> of e-CNY. Recently, the Chinese central bank launched a B2B digital renminbi platform to streamline cross-border functions.\u00a0<\/p>\n\n\n\n

See Related:<\/strong><\/em> Chinese Platform WeChat Accepts Payments With The Digital Yuan CBDC<\/a><\/p>\n\n\n\n

Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n

The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n

Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u00a0\u201cAs an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development prospects of digital Renminbi.\u201d<\/em><\/p>\n\n\n\n

Standard Chartered Cross-Border Payments<\/h2>\n\n\n\n

e-CNY is currently being pilot-tested in 26 Chinese cities and provinces. Standard Chartered targets plot tests of the digital yuan in cross-border payments, supply chain, and trade financing. The move comes when China is championing for businesses to drive the uptake<\/a> of e-CNY. Recently, the Chinese central bank launched a B2B digital renminbi platform to streamline cross-border functions.\u00a0<\/p>\n\n\n\n

See Related:<\/strong><\/em> Chinese Platform WeChat Accepts Payments With The Digital Yuan CBDC<\/a><\/p>\n\n\n\n

Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n

The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n

Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Standard Chartered has joined the trials of Chinese digital yuan, according to an announcement<\/a> on Monday. The bank\u2019s China division is collaborating with the City Bank Clearing Services Ltd. to allow its clients to buy, redeem, and exchange digital currency. Xiaolei Zhang, president of Standard Chartered China, said,<\/p>\n\n\n\n

\u00a0\u201cAs an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development prospects of digital Renminbi.\u201d<\/em><\/p>\n\n\n\n

Standard Chartered Cross-Border Payments<\/h2>\n\n\n\n

e-CNY is currently being pilot-tested in 26 Chinese cities and provinces. Standard Chartered targets plot tests of the digital yuan in cross-border payments, supply chain, and trade financing. The move comes when China is championing for businesses to drive the uptake<\/a> of e-CNY. Recently, the Chinese central bank launched a B2B digital renminbi platform to streamline cross-border functions.\u00a0<\/p>\n\n\n\n

See Related:<\/strong><\/em> Chinese Platform WeChat Accepts Payments With The Digital Yuan CBDC<\/a><\/p>\n\n\n\n

Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n

The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n

Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 12 13 14 15 16 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • The digital yuan (e-CNY) is the most advanced CBDC, with over 1.8 trillion yuan in transaction volumes.<\/li>\n<\/ul>\n\n\n\n

    Standard Chartered has joined the trials of Chinese digital yuan, according to an announcement<\/a> on Monday. The bank\u2019s China division is collaborating with the City Bank Clearing Services Ltd. to allow its clients to buy, redeem, and exchange digital currency. Xiaolei Zhang, president of Standard Chartered China, said,<\/p>\n\n\n\n

    \u00a0\u201cAs an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development prospects of digital Renminbi.\u201d<\/em><\/p>\n\n\n\n

    Standard Chartered Cross-Border Payments<\/h2>\n\n\n\n

    e-CNY is currently being pilot-tested in 26 Chinese cities and provinces. Standard Chartered targets plot tests of the digital yuan in cross-border payments, supply chain, and trade financing. The move comes when China is championing for businesses to drive the uptake<\/a> of e-CNY. Recently, the Chinese central bank launched a B2B digital renminbi platform to streamline cross-border functions.\u00a0<\/p>\n\n\n\n

    See Related:<\/strong><\/em> Chinese Platform WeChat Accepts Payments With The Digital Yuan CBDC<\/a><\/p>\n\n\n\n

    Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n

    The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n

    Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

    U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

    Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

    This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

    Policymakers And U.S. Stocks<\/h2>\n\n\n\n

    Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

    The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

    \"S&P
    S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

    Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

    Analysts Index Review<\/h2>\n\n\n\n

    However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

    The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

    \"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 12 13 14 15 16 27

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Standard Chartered has joined digital yuan testing for cross-border payments and trade financing.<\/li>\n\n\n\n
  • The digital yuan (e-CNY) is the most advanced CBDC, with over 1.8 trillion yuan in transaction volumes.<\/li>\n<\/ul>\n\n\n\n

    Standard Chartered has joined the trials of Chinese digital yuan, according to an announcement<\/a> on Monday. The bank\u2019s China division is collaborating with the City Bank Clearing Services Ltd. to allow its clients to buy, redeem, and exchange digital currency. Xiaolei Zhang, president of Standard Chartered China, said,<\/p>\n\n\n\n

    \u00a0\u201cAs an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development prospects of digital Renminbi.\u201d<\/em><\/p>\n\n\n\n

    Standard Chartered Cross-Border Payments<\/h2>\n\n\n\n

    e-CNY is currently being pilot-tested in 26 Chinese cities and provinces. Standard Chartered targets plot tests of the digital yuan in cross-border payments, supply chain, and trade financing. The move comes when China is championing for businesses to drive the uptake<\/a> of e-CNY. Recently, the Chinese central bank launched a B2B digital renminbi platform to streamline cross-border functions.\u00a0<\/p>\n\n\n\n

    See Related:<\/strong><\/em> Chinese Platform WeChat Accepts Payments With The Digital Yuan CBDC<\/a><\/p>\n\n\n\n

    Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n

    The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n

    Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14611,"post_author":"14","post_date":"2023-12-13 21:49:46","post_date_gmt":"2023-12-13 10:49:46","post_content":"\n

    U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

    Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

    This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

    Policymakers And U.S. Stocks<\/h2>\n\n\n\n

    Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

    The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

    \"S&P
    S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

    Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

    Analysts Index Review<\/h2>\n\n\n\n

    However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

    The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

    \"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 12 13 14 15 16 27

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n