By Jacob Sonenshine Order Reprints Text size Father Christmas on a visit to London in 1950. Stocks might get a lump of coal this year. William Vanderson/Fox Photos/Hulton Archive/Getty Images The Santa Clause rally that shows up in many a December might take a hiatus this year. Reasons start with the fact that the S&P 500 jumped 10.9% in November. That was the 22nd-best month for the S&P ever, and it was the second-best November in history—attributable in large part to biotech companies reporting that they were seeing close to 100% efficacy on their Covid-19 vaccines. In addition, a second fiscal-stimulus bill began to look increasingly likely this year, not next.