Here Comes Santa Claus, With a Hand From Trump The market looks ready to celebrate the news from the weekend that the president finally has signed Covid relief legislation.
Dec 28, 2020 | 07:46 AM EST
The traditional Santa Claus rally is underway here on Monday morning with some help from President Trump, who finally signed legislation to provide Covid relief and avoid a government shutdown. There was much dithering and rhetoric, but the market is celebrating the news and is indicated solidly highly.
The trading week between Christmas and New Year s Day is an unusual one as there is a greater focus than usual on positing, tax issues and other considerations that have little to do with fundamentals.