A ‘Santa Claus rally’? Why investors should dial back their expectations.
Almost as predictable as the big jolly man himself, many on Wall Street are eagerly waiting for the so-called “Santa Claus rally” to further fuel stock-market gains that have already put investors in a holiday mood.
As defined by the Stock Trader’s Almanac, the Santa Claus rally refers to the stock market’s tendency to rise during the last five trading days of the current calendar year and the first two trading sessions of the new year. Friday marks the start of the period, which will run through Wednesday, January 3 this…
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