Inflation data impact

Inflation Data and AI Earnings Lead December Turnaround

Markets rebounded on Friday after a week of volatility sparked by a Fed rate cut and inflation fears. A softer-than-expected PCE inflation report restored confidence, suggesting the bull market remains intact. AI-driven earnings growth from firms like Nvidia and Broadcom continues to fuel optimism, while pro-business sentiment and record holiday spending boost market momentum. The dip proved to be a buying opportunity, with positive price action expected through the holiday season.