Lynn Reaser, chief economist at Bank of America, said she sees a market-friendly environment as the year winds down.
"The combination of an expected end to Fed tightening, contained inflation and economic growth suggests that equity investors could still unwrap further gains before the year is out," she said.
Bonds firmed over the past week. The yield on the 10-year bond dipped to 4.448 percent from 4.537 percent a week earlier and that on the 30-year bond eased to 4.650 percent from 4.736 percent. Bond yields and prices move in opposite directions.
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