"Equity markets are once again on board the Santa Claus rally thanks to the US debt ceiling increase passing in the House and looking likely to pass in the Senate," says Kevin Nicholson. He believes that investors are realizing that the Fed accelerating its taper does not equate rate hikes, and more information regarding the Omicron variant is easing their thoughts of another lockdown. He expects equities to continue to grind higher through the end of this year.