Happy Monday. One more week before most people head off for Christmas. But there's at least one big thing for Wall Street to deal with before descending into an eggnog-and-cookie-induced stupor: the Fed.
Regardless of the market's reaction to the Fed, there's historical precedent for a late December "Santa" stock rally. (Wall Street Journal)
Hedge funds believe in those late-year market gains, or at least guys like Larry Robbins of Glenview and Philippe Laffont of Coatue aren't scaling back risk to guarantee themselves a fat return for the year. We explain in a CNBC.com piece.
AIG continues to rid itself of businesses outside its insurance core by selling its ILFC jet-leasing unit to AerCap for $5 billion. (Bloomberg)
Sports and entertainment agency IMG Worldwide received "lackluster" final bids in its months-long auction because of weakness in college sports. (New York Post)
And perfect for the winter cold, investors jumped on luxury winter apparel company Moncler's IPO. (New York Times' DealBook)
—By CNBC's Lawrence Delevingne. Follow him on Twitter @ldelevingne.