Investors are showing optimism ahead of the Federal Reserve's upcoming interest-rate decision, with expectations of favorable outcomes that could further boost stock prices. The S&P 500 has been on a consistent buying streak since Election Day, as indicated by the proprietary DVAN trend line, which measures buying or selling pressure. This trend reflects strong investor confidence, driven by the anticipation of potential interest rate pauses or reductions that 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.
The ProShares UltraPro S&P 500 (UPRO) saw a modest increase, rising 0.54% to $97.90 as of 13:20 on Wednesday, December 18.