Morning Bid: Will the Fed come to the rescue?

Market Overview - U.S. stocks are expected to continue their upward trend following a significant jump on Friday, with investor optimism centered around a potential Federal Reserve rate cut in December [4][5] - Futures for the S&P 500 and Nasdaq indices have shown increases of 0.3% and 0.5% respectively, building on approximately 1% gains from the previous trading day [4] Economic Developments - The U.S. and Ukraine are progressing on a revised peace framework to address the ongoing conflict with Russia, indicating potential geopolitical stability [3] - Oil prices have decreased due to expectations of a U.S.-brokered ceasefire in Ukraine, although diesel spreads remain high due to ongoing supply constraints [3] Investor Sentiment - There is a growing sentiment among traders, with a 60% probability now assigned to the likelihood of a Fed rate cut in December, an increase from 40% just a day prior [5]