Stocks Rally on Earnings and Fed Optimism - Have Markets Bottomed for the Year?
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The S&P 500 found support at its rising trend line from March 2020, suggesting a market bottom.
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Veteran strategist Ed Yardeni believes the stock market may have bottomed.
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The rally was driven by better-than-expected Q3 earnings and a less hawkish Fed.
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The S&P 500 reclaimed the 4,200 level and its 200-day moving average.
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November is historically the strongest month for stock market gains, so "Santa may be early this year."