Since 1969, 34 out of 45 years have seen a late December rally. Listed here are 5 the reason why a Santa Claus rally won’t occur this 12 months.
This sort of rally refers to the truth that in about two-thirds of years since 1969, late December has seen a inventory market rally, averaging a 1.4% acquire.
This 12 months, vaccine optimism mixed with new stimulus appears poised to as soon as once more jingle Wall Avenue’s bells. A piece in Bloomberg, nonetheless, gives 5 charts and the reason why this market rally is already overbought and overblown, so this 12 months is likely to be extra coal than eggnog.