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Can the Santa Claus rally happen after the Fed's hawkish cut?
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Hot PPI Data

The S&P 500 and Nasdaq both ended in the red territory yesterday as as a hotter-than-expected US inflation report weighed on investors’ sentiment. The technology stocks were hit the hardest.

November's PPI rose 0.4%, more than the estimate of 0.2%, which signals that the Fed’s fight towards inflation is not over yet.
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