2023 was a year of uncertainty and adjustments for the US stock market, as investors navigated a complex landscape of economic and monetary policy changes. While the year saw periods of both optimism and pessimism, the overarching narrative remains focused on the Fed's actions and their impact on the broader economy.
To evaluate US stock market performance, let's review the $S&P 500 Index(.SPX.US)$'s progress this year:
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Wall Street is counting on the so-called Santa Claus Rally to bring record highs as markets close out 2023 with strong gains.
The S&P 500 ( $S&P 500 Index(.SPX.US)$ ) is up over 4% in December alone and has risen 24% this year, bringing it within 1% of a new all-time high. The benchmark index is also on track for its eighth straight positive week.
If history is any indication, that momentum is likely to continue in the short-term. The end of the year tends to be a strong period for stocks, a ph...

$Invesco QQQ Trust(QQQ.US)$ daily chart shows the market is the most overbought since November 2021 - the month the market topped out and the bear market started. On the other hand, the weekly chart is extremely bullish with a strong W shaped pattern. So what do you guys think? Is the bottom in? Or is this just another bear market rally that's going to fall hard?

Grab $Grab Holdings(GRAB.US)$ released its financial results for the second quarter of 2022, which ended on June 30. According to the results, Grab reported revenue of US$321 million for the second quarter, up 79% from US$179 million a year earlier, and a loss of US$572 million, compared to a loss of US$801 million a year earlier, narrowing 29% YoY.
GMV was US$5,055 million, up 30% compared to US$3,878 million in the same period of t...