Nathan Peterson with Charles Schwab says he's surprised the chances of the FOMC cutting interest rates Wednesday are high. He warns investors to brace for a hawkish cut if it happens. Nate notes a slew of economic data still to come, paired with notable dissents among Fed governors as headwinds. As for the SPX, he talks about the index consolidation and why there needs to be a new record high for a breakout Santa Claus rally to occur. Nate explains the role Mag 7 and Big Tech play in that action.

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