Investors have grown used to Saint Nicholas leaving an extra present under their trees at the end of the year, and in 2019 the so-called Santa-Claus rally could power the major benchmarks to record-setting gains once more. The Santa Claus rally is Wall Street’s nickname for the unusually strong stock-market gains typically seen during the final five trading days of the year and the first two trading days of the following year. Since 1950, the S&P 500 index (SPX) has gained an average of 1.3% during this stretch, about six-and-a-half times the average seven-day rolling performance of 0.2%, according to Dow Jones Market Data. Read More...
Will a Santa Claus rally power the S&P 500 and Dow to their best years in a generation?
Investors have grown used to Saint Nicholas leaving an extra present under their trees at the end of the year, and in 2019 the so-called Santa-Claus rally could power the major benchmarks to record-setting gains once more. The Santa Claus rally is Wall Street’s nickname for the unusually strong stock-market gains typically seen during the final five trading days of the year and the first two trading days of the following year. Since 1950, the S&P 500 index (SPX) has gained an average of 1.3% during this stretch, about six-and-a-half times the average seven-day rolling performance of 0.2%, according to Dow Jones Market Data.
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