'The Santa Claus rally is real': Why the stock market has a good chance of hitting record highs next week
The Santa Claus rally phenomenon was discovered in 1972 by Yale Hirsch, creator of the Stock Trader's Almanac.
Source: yahoo.com
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Stock Market Eyes Record Highs In Coming Week, Says Analyst: 'Santa Claus Rally Is Real'
When stock market data dating back to 1928 is considered, the average gain during the Santa Claus trading window strengthens to 1.6%.
Source: benzinga.com
Santa Claus rally period starts on Friday with an average gain of about 1% the next 7 trading days
Friday is the official start of the Santa Claus rally.
Source: cnbc.com
Stock Market Enthusiasm Turns 'Excessive' Amid Rally to Record Highs
"In any event, bullishness has gotten a bit excessive of late," market veteran Ed Yardeni said in a note to clients on Wednesday.
Ed Yardeni Carson Group Ryan Detrick Terms Of Service Investor Sentiment Greed Index Sentiment Survey
Source: businessinsider.com
Is The Santa Rally Over? What It Means For Stocks In 2024 - Alphabet (NASDAQ:GOOGL)
Ryan Detrick of The Carson Group compared the pullback to an absence of Santa Claus rallies and subsequent losses in the years 2000 and 2008.
Source: benzinga.com
S&P 500, Nasdaq Set For Weaker Open As 'FOMO' Rally Cools: Analyst Says Only 'Black Swan Could Upset Santa's Sleigh' Now - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)
Bond yields remain contained, providing a reason for traders to maintain their investments in stocks.
Source: benzinga.com
These Stock Forecasters Nailed This Year's Rally. Here's What They See for 2024
(Bloomberg) -- Heading into this year, Wall Street’s top prognosticators were almost universally expecting further pain for the stock market after 2022’s disaster. Only a handful saw a rebound coming.Most Read from BloombergTrump Barred From Colorado Ballot in Unprecedented RulingApple Races to Tweak Software Ahead of Looming US Watch BanThe Hedge Fund Traders Dominating a Massive Bet on BondsWhat If Putin Wins? US Allies Fear Defeat as Ukraine Aid StallsApple to Halt US Sales of S...
Source: yahoo.com
Tech Up as Mega Caps Return to Driving Seat -- Tech Roundup
Shares of technology companies rose as traders chased recent gains in the sector, encouraged by deal activity. "Some of the stocks that have bounced back the...
Source: marketwatch.com
Financials Down as Fed Rally Cools -- Financials Roundup
Shares of banks and other financial institutions ticked down as the rally in response to the Federal Reserve's pivot on interest rates slowed. The financial...
Source: marketwatch.com
Survey: Stocks To March 5.5% Higher In 2024, Say Pros
After an outstanding 2023 for stocks, market analysts see a more measured advance in 2024, according to Bankrate’s Fourth-Quarter Market Mavens Survey.
Source: bankrate.com