How a Santa Claus rally or lack thereof, sets the stage for the stock market in first quarter
It’s the time of the year when the traditional seasonal lift for U.S. stocks known as the “Santa Claus rally” usually takes place. But unlike past holiday seasons, this one may get bogged down by the risks of a recession and continued rise in interest rates during the new year.
The Santa Claus rally refers to the stock market’s tendency to rally in the last five trading sessions of a calendar year and the first two sessions of the next year. Friday marked the start of the period, which will run through Jan. 4 this time around. Analysts said investors shouldn’t count on stock-market gains this holiday season, though some market participants are still holding out hope.
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