Stocks should extend their record-setting rally deep into next year, fueled by a series of Fed rate cuts that—by most accounts—will begin this week. Investors are betting that lower Fed rates in tandem with stimulative tax policies and steady economic growth will most certainly drive markets higher into next year. Citigroup analysts, led by Scott Chronert, argue that Fed rate cuts won’t have a uniform impact on stocks because cuts generally signal economic weakness over the near term.
