Investing.com -- Stocks started the Thanksgiving week on the front foot, continuing a decades-long seasonal trend that could see the Santa rally into year-end kick into higher gear as it comes during a presidential year.
Bank of America highlighted that while there might be a"post-Thanksgiving dip," this typically precedes a strong rally into year-end."The Thanksgiving into yearend period shows the SPX up 71% of the time on an average return of 1.46%," they added. The potential for a robust finish to the year for equities, particularly in a presidential election year where historical trends point to ongoing bullish bets through December, the analysts said.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.