U.s. Economy, Investor | featured news

Bottom Line: Stocks rose in mid-morning trade on Wall Street Tuesday as investors grew more optimistic that the Federal Reserve would announce new moves to stimulate the economy.

If we did not find ourselves smack in the middle of the Holiday season, I’d probably be talking about how the bull camp’s momentum appears to be waning and that we should be bracing for a meaningful pullback in response to the tiring trend, the overbought condition, and the overly optimistic sentiment readings. And while these issues are indeed present, it appears that the holiday spirit and the corresponding portfolio allocations may be the primary driver to what I will loosely term the current trend.