#fed-rate-cut-expectations

#fed-rate-cut-expectations

Later this month, Carvana ( NYSE: CVNA) will be added to the S&P 500 on December 22. As a result, analysts at Bank of America reiterated a buy rating with a price target of $485 a share. After all, inclusion into the S&P 500 typically forces index funds and ETFs to buy shares of newly added stocks. Other stocks being added to the S&P 500 include Comfort Systems (FIX), Mohawk Industries (MHK), Pinterest (PINS), Dycom Industries (DY), and Marriott Vacations (VAC).

The circa 2% gain for the Nikkei 225 came amid claims from BoJ Governor Ueda that the government's economic stimulus plans will positively impact economic growth, although it would also have inflationary effects. As such, the BoJ stand ready to raise rates this month, with the Government seemingly willing to tolerate the move. With Japanese 30-year bonds on the rise following a strong 10-year auction, stocks in the region are pushing higher after recent jitters.

Silver's climb accelerated after a string of subdued economic indicators signalled that the consumers sentiment is declining further. U.S. retail sales missed expectations, and the Conference Board's Consumer Confidence Index dropped sharply to 88.7 in November, its lowest reading since May. Producer Price Index (PPI) inflation readings were modest too, giving no headwind to rate cut hopes. These data points collectively strengthen the case that further monetary easing has become more likely and that growth risks are re-entering the macro conversation.