After Halloween week brought treats, will a Fed taper spook the market rally? Google, Tesla rival Xpeng are near buys. Read More...
Reuters
Stocks approach historically strong period but Fed taper looms
NEW YORK (Reuters) -Investors are weighing whether momentum from the stock market’s record-breaking rally will continue in the last two months of 2021, a traditionally strong calendar period for equities but a stretch that may carry more risks than usual this year. The S&P 500 has rallied 22.6% year-to-date, its best January-through-October performance since 2013, and November and December tend to be among the strongest months for stocks. This time around, however, the year-end period may have more than its usual share of pitfalls, as investors brace for the looming unwind of a $120 billion-per-month Federal Reserve government bond buying program that has helped stocks more than double from their March 2020 lows.
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