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Over the weekend, President Biden signed a bipartisan agreement in Congress Spending package, narrowly avoiding a government shutdown and keeping federal operations funded through mid-March.

The bill, which has been reduced from 1,500 pages to about 100, does not raise the debt ceiling, a provision requested by President-elect Trump. We also read: A 3.8% raise for members of Congress, a bipartisan provision included in the original bill.

The eleventh hour deal did little to calm the markets, which did Struggle to maintain Post-election momentum this month. The S&P 500 is down 1.7% since the beginning of December. The tech-heavy Nasdaq has fared better, rising 1.4% month to date, but the index has lost nearly 3% in the past week alone.

The decline, which Tom Isay, founder of Sevens Report Research, attributes to hawkish comments from the Federal Reserve, political turmoil and monetary policy. Disappointing Last week's initial jobless claims data may be a "potential preview" of the rally New Year.

“Now, to be clear, while I am saying that, I am also not saying that I expect the market to decline next year,” Isaye added.

“Instead, I think last week was a preview of 2025 because it was a realization of what I had been warning about: namely, uncertainty about the key drivers of the year.” Bull market It will go up and we saw that last week with two of the drivers of the rally, which are Fed rate cut expectations and pro-growth policies.

The S&P 500 and Nasdaq Composite were trading fairly flat in the middle of Monday's session, up 0.6% and 1%, respectively, as of 2:15 PM ET. Market movements are expected to be relatively weak this week with a limited number of trading days.

Meanwhile, Bitcoin also stalled. The largest cryptocurrency has fallen about 13% from its all-time high of more than $108,000.

Historically, cryptocurrencies deliver mixed returns in the final days of the year. When trying to predict what might happen this week, analysts say monitoring macro conditions will be key.

“While lower liquidity can increase volatility,... absence James Toledano, chief operating officer at Unity Wallet, said major institutional activity may actually stabilize prices. “This year, a lot depends on investor sentiment after 2024 European Training Foundation consent and The Trump factor As well as other macro trends.

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