The US traditional financial market continues to surge, with the S&P 500 ($SPX) reaching new all-time highs last week. November’s rally was one of the strongest on record as to generated a 3.42% gain.

The labor market, while slowing, remains resilient. Initial claims – an established predictor of changes in the level of unemployment – have been trending downward. The four-week moving average of initial claims has been falling since Oct.

US Federal Reserve meeting for the month of December is scheduled on 17th and 18th and all eyes are on whether there will be any interest rate cut or not. If there is any rate cut then how much. Most of the economic experts have predicted a possible interest rate cut from the US Fed in December.