Stock Faithful Hope for a Wild Rally Before Merciful End to 2022
- S&P rose 3.1% after Fed’s Powell signaled rate-hike slowdown
- December has been strong month for stocks over past 70 years
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Stock-market investors are hoping for a strong finish to a chaotic year.
A less hawkish Federal Reserve and encouraging inflation data could unleash a mega-rally in December, which has proved to be a strong month for the stock market over the past 70 years. This year, though, it may get off to a late start: With all the twists and turns heading into 2023, even bulls may sit on the sidelines until the release of the next key inflation report on Dec. 13.