The recent stock rally is based on the idea that rate cuts may come as soon as March, notes Russell Rhoads. He examines trends in volatility, as well as expectations for a rate cut in 2024. He talks about how derivative markets are pricing in a slight chance of a cut at the June meeting, more likely the July meeting. He suggests that if a cut is the next move, it will not be until 2025. He looks at how bond auctions have become a source of volatility. He then goes over market trends to watch in 2024. Tune in to find out more about the stock market today.