After market's November surge, there may be less of a chance for a big 'Santa rally'

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The large gains in November may steal from December's rally, but stocks are still expected to end the year at higher levels.

November's extraordinary gains have some investors looking for a pullback, but strategist say a serious one could be avoided for now.

Promising vaccine news spurred a major rotation in November into cyclical stocks, like industrials and financials - the stocks that will do well in an economic recovery."If it's up more than 10%, it will only be the third time since World War II that November has been up that much," said Sam Stovall, chief investment strategist at CFRA. "Such a strong November has a tendency to steal from Santa.

But Katie Stockton, Fairlead Strategies chief technical strategist, said it's more likely the market will instead gain momentum from the stocks that have been dragging.

 

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Trump is still your President! And the rally is happening due to the Trump vaccine! If Biden gets in, he'll order a protracted national lockdown and the market will CRASH, just like it did in spring 2020! FactsMatter!

We're in the money!🕺💃👏👍🥳🎊🎉

The big tech crash is coming !

FAANG IS COMING TO TOWN

Really.

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