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Macro drivers
If we look at the macro picture, December 10th will be the last day the Fed is withdrawing liquidity from the market, and after that they stop. This means there will be more cash in the system that can be allocated into assets. On top of that, the stock market showed a decent bounce and recovery after the correction the day before yesterday, and we have a high probability of a continued Fed rate-cutting cycle, which also creates a supportive backdrop for growth. The key now is that positive ETF inflows and whale interest continue. In addition, the geopolitical situation in Ukraine could act as a catalyst and bring more confidence to the market’s upside if a peace deal is reached.