The S&P closed out its best week in a year with a 4.7% gain, highlighting positive sentiment in the market despite recent global economic headwinds.
Despite a quiet start to the new trading week, the market's resilience is credited to strong earnings growth and expectations of Trump's proposed economic stimulus.
Exhaustion describes the market's price action as participants navigated significant event risks, including a 'high spend, low growth' UK budget and disappointing U.S. employment numbers.
With Thanksgiving approaching, there's a trend of institutional participants closing books early this year, emphasizing potential thinning of market conditions.
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