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
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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.
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