Santa Claus rally is off to its best start in 20 years. What history says about stock performance when things start this well. Santa Claus is handing out gifts on Wall Street.
The so-called Santa Claus rally that tends to materialize in the U.S. stock market in the final week of December and the first two trading sessions of the new year, is off to its best start since 2000-01, when the market gained 5.7% over the period, according to
In fact, in the eight occasions since 1929 when the index has gained at least 1% to start that seven-session trading period near the end of year, the Santa Claus rally has produced a gain 100% of the time, with an average gain of 3.3%.
At last check, the S&P 500 SPX was trading in record territory, up around 1.1%, with Monday technically marking the start of the seasonal period referred to as a Santa Claus rally; if gains hold up, the stock market tends to perform well, the data show. .....
https://www.marketwatch.com/story/santa-claus-rally-is-off-to-best-start-in-20-years-heres-what-history-says-about-the-stock-markets-performance-when-rally-starts-this-well-11640630360?mod=home-page
