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Collinson FX: December 29 - More helicopter money
Markets experienced a post-Christmas rally on the back of President Trump signing the enormous bailout package. This was combined with another Government funding bill, to total over USD$2.3 Trillion! This is in addition to further legislation promised for bailout money of up to USD$2,000 per person. The helicopter money is coming thick and fast. Markets appreciated the fiscal stimulus and equities rallied strongly.
The EUR jumped back above 1.2200, while the GBP crashed back to 1.3450, from the highs pre-Christmas. The EU/UK post-Brexit trade deal sparked a spike in the GBP, following the announcement just prior to Christmas, but the reality was not enough to support the currency. It appears to be a great deal, although there remains criticisms, although it should enable the UK to open up massive potential trade deals across
S&P 500: The Santa Claus Rally Just Started; 12 Stocks Gain Most
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Stocks inch up heading into Christmas Niv Elis
Markets on Thursday closed slightly up after a shortened Christmas Eve trading day.
The Dow Jones Industrial Average closed up 70 points, or 0.2 percent, and the S&P 500 finished up 13 points, or 0.4 percent. The NASDAQ was similarly up 34 points, or 0.3 percent.
Markets closed at 1 p.m. Thursday for the holiday, and will not reopen until Monday.
The final days of December tend to be good for stock markets, in a phenomenon known as the Santa Claus Rally. The average return over the seven-day period over the past 70 years has been 1.33 percent, according to LPL Financial.
A Holiday Wish for Cineplex (TSX:CGX) Investors
More on: Image source: Getty Images
Merry Christmas and happy holidays! Typically, the holiday season is a period for Hollywood blockbusters, but this year is different. COVID-19 is still present and disrupting many businesses, including
Cineplex(TSX:CGX). Cineplex investors had it tougher than most in 2020, as the stock has tanked over 70%. Unfortunately, there’s no Santa Rally to be seen here. Instead, let’s look back at Cineplex’s troubles and what the company is doing to return to profitability.
The blockbusters of Christmas past
The holiday season of 2019 had some of the largest blockbusters in years. Some examples include
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
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