A new all-time high awaits the S&P 500 as investors ‘buy into the euphoria,’ says this strategist

Investors would be forgiven for wanting to sit out in the waning days of 2023, given recent volatility and the high hopes riding on that so-called Santa Rally.

That said, the setup is looking positive for Tuesday as trading gets underway in a shortened trading week. With the big inflation data now past us, all investors have ahead of them is a smattering of U.S. housing data and weekly jobless benefit claims in the next few days.

What…