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.