After the drop towards the end of October, equities have staged a stunning rally in the last eight weeks. Of note, we got to observe fresh record highs in the Dow, DAX, and CAC 40 among the major indices. The question now is, can stocks carry over the good form during this period into next year?The key factor that traders have to recognise is that the latest rally is fueled by extremely aggressive rate cuts pricing in recent weeks. That especially for the Fed and ECB, with now 142 bps and 150 bps worth of rate cuts priced in for the two respectively for next year.Unless either central bank plans on moving as early as March, this is about as good as it gets when it comes to traders pricing in
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