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December 23, 2025 at 9:00 a.m. EST
The official countdown to Christmas and the Santa Clause Rally, which in theory begins tomorrow, is on. Equities started off the week on a positive note with a broad-based rally yesterday with cyclical sectors leading to the upside. Not surprisingly it is very quiet from a news perspective and will likely remain that way through the end of the year. This morning’s Q3 GDP came in well ahead of estimates at 4.3% driven by strong consumption. Treasury yields have moved up a couple of basis points in response to the data. Equity futures had been trading on either side of unchanged throughout the overnight session and have moved a touch lower since the data.
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