Stocks Surge on Hopes of a 'Santa Rally' as Yields Retreat and Fed Signals Possible Pause in Rate Hikes
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Stock market bulls say the 'Santa rally' may have already started as equities surged in early November.
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The rally comes as Treasury yields retreat sharply from recent highs.
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Fed signaling it may pause rate hikes has boosted stocks and lowered yields.
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While risks remain, soft landing hopes are rising and seasonality favors a year-end rally.
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Analysts suggest buying tech, energy and financial stocks on pullbacks.