US market saw a Santa Claus rally, not beginning of a bull market: ED Yardeni
“Fed may not go for a 100 bps hike. The market seems to be having a debate between whether it is going to be 50 bps or 75 bps. Hard to say at this point as there is still some data between now and the mid December meeting. I think it is going to be 75 bps. They made it clear they want to get to restrictive as soon as possible. Another 75 bps and it is in restrictive territory.”
