It's Christmas!!!, and investors head on to the Holiday week in cheer with stock markets close to all-time highs. December is often a good month for stocks -- a trend that has been dubbed the Santa Claus rally. U.S. benchmark stock-indexes' rally last week is the biggest since September, a rally inspired by Federal Reserve`s decision to slow the pace of its stimulus, which added to the view that the recovery in the U.S. is on course. Many Wall Street analysts feared stocks would plummet once the Fed announced a pullback in its bond buying. On Wednesday, the opposite occurred: The Dow shot up 293 points. Investors appeared to focus more on the good news (the economy is improving) than the bad (the easy-money days may be ending). The big riddle now on most investors` mind now will be whether this newfound momentum on the back of a very accommodating Federal Reserve will extend over the two weeks ahead and into the new calendar year. As for economic indicators, this week will see the release of many U.S. economic indicators such as the University of Michigan`s consumer confidence and personal income and personal spending by U.S. consumers. Tuesday of this week entails the release of data on both, durable goods orders and new home sales, while Thursday witnesses the weekly update for the change in jobless claims in the U.S. Note that Tuesday, U.S. stock markets will have an early close before heading to the Christmas Holiday on Wednesday where all markets will be closed. ICN.com would like to wish you a Merry Christmas and a Happy New Year! May 2014 be prosperous, profitable and empowering to you all. We wish you successful trading and a clear outlook for the coming year and the ICN.com family will be with you and expand more to meet all your expectations. Enjoy the holidays and happy trading.
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