Bitcoin has recouped some losses as December opens, while U.S. tech equities posted gains, tempering November’s volatility. The rebound signals that risk appetite remains intact, with investors pursuing a disciplined reset rather than a full risk-off retreat. If this momentum endures, traders could see a more measured year-end rally rather than an outsized surge.
The CME FedWatch tool assigns an 89.2% probability of a quarter-point rate cut at the December 10 meeting, underscoring shifting rate expectations. In commentary, Doug Beath from the Wells Fargo Investment Institute notes that, barring a surprise, markets are refocusing on fundamentals—strong Q4 earnings and a brighter path to growth in 2026—while looking beyond near-term softness. Taken together, these signals support a data-driven narrative for a cautious, year-end uplift rather than speculative exuberance.