Investors are showing optimism ahead of the Federal Reserve's upcoming interest-rate decision, with expectations of favorable outcomes that could support stock prices. The consistent buying streak observed in the proprietary DVAN trend line since Election Day indicates strong investor confidence. This sentiment is driven by the anticipation of potential interest rate pauses or reductions, which could enhance corporate earnings by lowering borrowing costs. Despite the recent rally stalling, the S&P 500 remains close to a record high, supported by strong breadth in heavily traded US stocks, signaling ongoing institutional interest and a bullish outlook.
The SPDR Portfolio S&P 500 Growth ETF (SPYG) experienced a modest increase, rising 0.34% to $91.36 as of 13:20 on Wednesday, December 18.