"Santa Claus Rally" Phenomenon
- 01 mins 37 secs
Going back 50 years, the Stock Trader’s Almanac finds that the S&P 500 has enjoyed an average gain of 1.3% during the last five trading days of the year and the first two trading days of the following year. And we’ve seen this phenomenon - the Santa Claus Rally - happen 8 times in just the past decade. Now Wall Street is wondering if Santa’s sleigh is on track for another win this year, given that the S&P 500 is already up more than 28% in 2019.