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Will Santa Claus Rally Set In for 2024? 4 Best ETF Areas to Explore [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Now, as we enter the final stretch of the year, the Santa Rally is about to set in. The "Santa Claus Rally" refers to the stock market's tendency to rise during the final trading days of December and the first two trading days of January. However, historical data suggests that the Santa Claus rally occurred from December 15 th until January 5 th . In other words, if history is any guide, the time frame for the Santa Claus rally has already begun. However, Wall Street has experienced a slump so far, with the SPDR S&P 500 ETF Trust SPY down 3.3% over the past five days, mainly due to less-dovish cues from the Fed. Let's see if the rally gains momentum next week. Inside Santa Rally Historically, this period has yielded positive returns approximately 80% of the time, with the S&P 500 averaging a gain of about 1.4% during these seven days, per Investopedia. Factors like investor optimism, institutional activity and tax considerations are held responsible for this pickup in equity ral
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