CNBC Daily Open: A year-end rally is still on every trader's wishlist

Market Overview - U.S. markets experienced a rocky start in December but show signs of recovery following a tumultuous November [1] - Bitcoin has partially recovered from its recent decline, and technology stocks rallied, indicating that investor appetite for market risk remains intact [2] Investor Sentiment - Investors are currently pricing in an 89.2% chance of a quarter percentage point rate cut at the upcoming U.S. Federal Reserve meeting on December 10, a significant increase from previous expectations [3] - There is a shift in focus back to fundamentals, with markets concentrating on better-than-expected earnings projections for Q4 and 2026, alongside expectations for growth acceleration in the following year [4] Market Narrative - A narrative of cautious optimism is emerging as investors seek to close out the year positively, attempting to outweigh market noise [5]