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How Long Will the Stock Market Rally? At Least Until New Year’s.


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The stock market has come a long way from the correction fears of September. Above, the ball drops to ring in the new year in a lonely Times Square on January 1, 2021.

Corey Sipkin/AFP/Getty Images

It doesn’t get any better than this for the stock market—and that means it’s time to bet on a rip-roaring rally into the end of the year.

Everything went right that could have gone right this past week. The Federal Reserve did exactly what everyone thought by announcing plans to start winding down its bond-buying program but insisting that it would leave interest rates unchanged. The Bank of England, surprisingly, left rates unchanged. And October’s jobs report was stellar, showing a pickup in private-sector hiring and a big...