No Cake Walk For much of the fall, Wall Street carried itself with the breezy confidence of a marathoner already waving to the crowd before the finish line. A dovish Fed, a booming AI cycle, a tariff truce-in-progress with China, and year-end seasonality all pointed toward a smooth glide path into December. Plenty of analysts saw little but clear skies. Some even called for an early Santa Rally.
Instead, November reminded investors that markets don’t hand out cake just because you brought a fork.
Instead, November reminded investors that markets don’t hand out cake just because you brought a fork.
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