As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for the coming days. The S&P 500 (^GSPC) is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year. The term, coined by Stock Trader’s Almanac in the 1970s, encompasses the final five trading days of the year and… Source link
Read More »Santa Claus rally time for stock market? 92 years of data says…maybe
The clock has officially begun on a potential year-end Santa Claus Rally for the stock market. A Santa Claus Rally is one where stocks climb higher in the final seven trading sessions of a year plus the first two trading days of the New Year. Its precise cause has never been greatly explained — theories range from year-end tax considerations to people spending their fat bonuses to buy stocks to general seasonal effects. Wednesday is the first day in this nine session trek for the markets…. Source link
Read More »The extraordinary history of the Santa Claus Rally: Morning Brief
Benzinga 6 Reasons Why You Should Not Buy A Home Owning a home might be the epitome of the American dream, but it’s not engraved in stone! So, if you’ve been toying with the idea of giving up homeownership, then, by all means, go for it. However, given that homeownership is perceived as the hallmark of wealth, giving it up is set to bring you a lot of controversies. Individuals in your circle might even criticize. But regardless of what the greater population thinks, here are good reasons… Source link
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