FUNDAMENTAL REVIEW FOR THE WEEK (December 25-29)

In the markets we are now experiencing a classic Santa Claus rally, taking risky assets to new highs. Positive statistics published in America on Thursday and Friday, including GDP growth of +4.9%, contributed to increased positivity in the markets. This optimism is largely based on the holiday season and the expectation that the Fed will cut rates soon.

However, this growth occurs more on expectations and rumors, it is not confirmed by current fundamental factors - now the economic calendar is already practically empty - all banking regulators are already “decorating the Christmas tree”. In general, you need to be more careful - the markets are now covered with “thin ice”, under which you can easily fall.

If you look at the historical data of the charts, then usually in the first few days after the market opens in the new year, there is an inertial growth - the highs are updated and only then significant downward spills begin - corrections on still low liquidity within 1-2 weeks.

As for the current week, there are almost no fundamental events left - Monday-Tuesday the currency section is completely closed - Catholic Christmas on Western markets. What is worth highlighting are unemployment claims in the States on Thursday.

Success and informed investment decisions.
Upcoming holidays!