The only question still open for this year is if we are going to have a Santa Claus rally in the stock market. The Santa Claus rally is measured by the performance in the seven trading days that start with Christmas Eve and end with the first two days in January:
The S&P has increased an average of 1.5 percent during the seven trading days that start with Christmas Eve and end with the first two days in January since 1950. That's the widely recognized period for the Santa Claus rally, as first identified in 1972 by Stock Trader's Almanac founder Yale Hirsch, Jeff's father.
Stocks went up in 12 of the last 15 of those year-end periods.
1 comment:
Not going to happen. BAD BAD news is brewing.
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