‘Tis the season for the stock market’s typical ‘Santa Claus Rally’ - That’s Rich!
Updated Dec 23, 2020;
Posted Dec 23, 2020
Santa Claus visits the trading floor of the New York Stock Exchange just ahead of the 2015 holiday season.AP
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Historically speaking, these are good times.
In fact, no seven-day market period on the calendar consistently does as well.
“The last five trading days of the year and the first two trading days of the next year are defined as the Santa Claus Rally,” explains Greg Harmon, a professor of banking and finance at Case Western Reserve University with experience as an investor and as a banking executive.