There are a lot of reasons for today’s stock market rally.

 

Going into the election, we expected M&A activity to be better in 2025 due to lower interest rates and a strong economy. After last night’s election results, we think M&A activity could skyrocket 🚀 in 2025 due to what is likely to be less regulation.

 

It is certainly appropriate for investors to focus on last night’s election outcome. But don’t forget about tomorrow’s FOMC meeting. We expect a 25bps rate cut tomorrow. All eyes will be on November’s CPI and PCE reports released on 11/13 and 11/27, respectively. If those reports come in hotter than expected, then it is possible that the Fed pauses in December.

 

I discuss this and more with Charles Payne on Fox Business News’ Making Money below.