3 factors that could drive stocks higher this December: Strategist
The three indexes (^DJI,^GSPC, ^IXIC) are on track to close the final trading day of November in the green. The trading week has been shortened due to the Thanksgiving holiday and the market's early close on Friday. LPL Financial chief global strategist Quincy Krosby joins Julie Hyman and Madison Mills on Market Domination to discuss her market outlook for December and heading into 2025, naming three things that could send markets higher. "First of all, you're going to go into, probably, the best month in terms of seasonality: December. November and December together tend to be good months for the market, not always, but statistically," Krosby says, adding, "It looks as if we will end the year in positive territory, absent an exogenous shock or some headline that skews the market down, but probably we will be in positive territory." Secondly, the strategist notes, "What we're going to be seeing is jockeying for performance for portfolio managers, making certain they [finish] the end of the year in positive territory." She adds, "If the market comes in December and really hard and higher, many of them just lock up, [as] they don't want to jeopardize a very strong positive market." The final factor is investor sentiment about President-elect Donald Trump's reelection. "Overall, the market is still enthusiastic about the incoming administration. Granted, tariffs are a concern, but you can see where the market is beginning to suspect that maybe the higher tariffs, the headlines are a tactical move by the administration," Krosby says. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.
