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Stock market got a 'Santa Claus rally' after all

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Kriss Kringle shows up late to deliver a seasonal Santa Claus rally to the stock market. Investors hope it will keep the bears at bay.

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.
Source: WSJ - 🏆 98. / 63 Read more »