Welp, it’s the day before Thanksgiving, and the market decided to cook up a feast for the fourth straight day. Not a bad time to be grateful, considering this month’s been the ugliest since “tariffs” dominated Google searches back in April.

The Dow rose 0.8%, the S&P 500 pushed 0.9% higher, and the Nasdaq climbed 1%. Credit goes to Oracle (Larry Ellison’s favorite child) which jumped over 4% after Deutsche Bank reaffirmed its “still bullish, stop asking questions” stance.

Nvidia (fresh off his diss track to Michael Burry) even bounced more than 1% after its little pullback that sank the stock 5%, while Microsoft jumped over 2%.

Again, not much for us to complain about considering The S&P and the Dow are on track for their best week since late June, with gains over 3% apiece, while the Nasdaq is up more than 4%... its strongest week since mid-May. Basically, this market said: “Santa Rally? Bro, we are starting early this year. Fire up the sleigh.”

But looming behind the mashed potatoes and green beans is the Fed. Traders are now pricing in an 80% chance of a December rate cut, which is hilarious because we went from “higher for longer” to “cut it NOW, daddy” in record speed. 

The real wildcard, though, is Kevin Hassett… who Bank of America says could try to slam rates well below 3% if he ends up as Fed Chair under Trump. With current rates sitting at 3.75%-4%, let’s just say the man is not afraid to pull out the machete.

(Source: The Hill)

And of course, Michael Ditton came through with the most predictable line of the week: “If the Fed disappoints, you could have a sell-off.” Thank you, Captain Obvious. But in all seriousness, it really is that simple. So when you send Santa your wishlist, maybe throw in a rate cut next to the socks and gift cards.

Anyways, enjoy tomorrow off, stuff your face, argue with your crypto-hating brother-in-law, and try not to obsess over that one stock haunting your portfolio… just for a day.

If you read all of this, congrats for having a 10 second attention span (better than me). As always, here’s our heatmap for today.

At the time of publishing this article, Stocks.News holds positions in Microsoft as mentioned in the article.