"This week's FOMC (not expected to bring fireworks based on the 76bp SPX implied move) may be the last hurdle before a Santa rally." Despite the market's high degree of confidence in a rate cut ...

"Santa came early and dropped a 25-bps rate cut in the market's stocking but accompanied it with a note saying that there would be coal next year," Zaccarelli said. Bill Adams, chief economist for ...