Here’s why Santa may skip Wall Street this year

Here's why Santa may skip Wall Street this year
Heres why Santa may skip Wall Street this year


Everyone knows about the Santa rally effect, and it’s particularly pronounced in a bull market. According to Bank of America, the November-to-January period is the strongest three-month period of the year for S&P 500 returns, and even more so when August-to-October is above-average, which it was this year with a 4.8% gain. But the market isn’t showing a lot of festive cheer, particularly if you look at the bottom 495 stocks of the S&P 500 and small-caps. The S&P 500 equal weight index XX:SP500EW is down about 1% from its highs,…



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