Santa Rally Kicks Off as Dow Jones Nears Record High

A significant sector rotation marked the shortened Black Friday trading session, potentially signaling the beginning of a robust year-end surge for the Dow Jones Industrial Average. While investors cashed in on recently overheated artificial intelligence favorites, they demonstrated strong appetite for traditional industrial and consumer stocks. This strategic shift raises the question of whether the index is poised for a broad-based advance toward unprecedented levels.

The trading atmosphere brightened considerably as December commenced. A substantial decline in the Volatility Index (VIX) to 16.35 points indicates that mid-month investor anxiety has largely dissipated. Notably, even a modest increase in US Treasury yields failed to dampen bullish momentum during Friday’s session. Read more...