Kriss Kringle showed up on Wall Street after all, delivering a modest “Santa Claus rally” that investors hope will keep bears at bay.
“If... Kriss Kringle showed up on Wall Street after all, delivering a modest “Santa Claus rally” that investors hope will keep bears at bay. “If Santa Claus should fail to call, bears may come to Broad And Wall,” is the oft-quoted phrase from the late Yale Hirsch, founder of the Stock Trader’s Almanac.
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Santa Claus Rally Remains Elusive for StocksSince 1950, the S&P 500 has traded higher 78% of the time during the Santa-rally period. If the index fails to clinch a Santa rally Wednesday, it would be the first time since the 2015-2016 period.
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