Investors are positioning themselves ahead of the Federal Reserve's upcoming interest-rate decision, with expectations of favorable outcomes that could support stock prices. The DVAN trend line indicates a consistent buying streak, reflecting strong investor confidence in potential interest rate pauses or reductions. This optimism is further supported by the S&P 500's proximity to record highs and the absence of significant bearish signals, as noted by technical analysts. The strong breadth in heavily traded US stocks suggests ongoing institutional interest, reinforcing a bullish outlook for the market.
The Invesco S&P 500 Equal Weight ETF (RSP) experienced a slight decline, edging down 0.03% to $180.07 as of 13:20 on Wednesday, December 18.