Key points:

• Stocks push to new record
• Gold rises above $4,500
• US GDP grows 4.3%

‘Tis the season of the gifts and stock bros are happily collecting gains as the S&P 500 notched a record in its fourth straight day of winning.

🎅 Santa Rally Delivers the Goods

• The S&P 500 (SPX) rose 0.5% to a fresh record Tuesday, extending its winning streak to four sessions as holiday cheer met strong macro data.
• The Dow added 0.2% and the Nasdaq gained 0.6%, rounding out a clean sweep for risk assets.
• Stocks wobbled early, then rallied once traders decided growth was a gift, not a threat.

📊 GDP Surprise Fuels the Cheer

• US GDP grew at a 4.3% annualized pace in the third quarter, the fastest in two years and well above expectations.
• Consumer spending did the heavy lifting, easing fears that a cooling labor market might dent household demand.

🏆 Risk-On, But with a Hedge

• While stocks ripped higher, some investors still hedged with gold XAUUSD, which surged above $4,500 before settling just below the mark.
• Gold is now up over 70% in 2025, signaling lingering concerns about inflation and dollar credibility.
• Still, equities are stealing the spotlight – Santa showed up, and stock traders made the nice list.

Source: Tradingview