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 DVAN trend line indicates a consistent buying streak since Election Day, reflecting 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 a recent stall in the rally, the S&P 500 remains close to a record high, supported by strong breadth in heavily traded US stocks, signaling ongoing institutional interest.
The ProShares Ultra S&P500 (SSO) ETF saw a modest increase, rising 0.39% to $98.74 as of 13:20 on Wednesday, December 18.