Sun, 20 December 2020 | Written By: Alec Malloy
Alec Malloy is a content writer with over 7 years’ experience spanning a range of commercial sectors.
Week Ahead: Is Santa Claus coming to Wall Street?
Week Ahead
In a two-week special edition of the usual week ahead, our attention turns to the stock market’s usual end-of-year bounce. Will the traditional Christmas-time rally hit wall street? Or will November’s strength eat into any potential December gains? We also take a look at oil & gas stocks in the run up to the new year.
Is a Santa Rally coming
to Wall Street
?
It appears the major indices had a bit of a bumper November. The Dow Jones chalked up its best month since 1987; Euro Stoxxx 600 enjoyed its best month since record began; the FTSE 100 rallied 12% for its best month in 31 years; Value Rotation set up the Russell 2000 for its best month on record. All very well and good for November, but does th