‘Santa Claus’ rally has begun. Why few 7-session stretches are better for the stock market. MarketWatch 12/28/2020
THE TELL
Santa Claus may not be coming to town due to the pandemic, but he will pay a socially distant visit to Wall Street equity traders if history is any guide.
Stocks have performed exceedingly well during a seasonal period that includes the year’s last five trading days and the first two sessions of the new year, in what’s come to be known as the “Santa Claus” rally.
That period, which started lastThursday this year, is considered one of the best seven-day stretches for equities in any point in a year, boasting an average return of 1.3%, the second best performance among any seven-day period in a year. The span has also finished positive in nearly 78% of some 250 trading sessions, according to Ryan Detrick, chief market strategist for LPL Financial, in a Wednesday research note (table below).
Watts, Debra Bales Friday, December 25, 2020
Debra Bales Watts, 63, of Chattanooga, passed away on Tuesday, December 22, 2020.
Debra graduated from Chattanooga State with a degree in Nursing. She worked for many years at TC Thompson Children’s Hospital in the Pediatric Nursing Department. Debra enjoyed singing. She was a huge Alabama Football fan, always rooting for her “Crimson Tide”.
Debra was preceded in death by her father, Joseph Bales, her mother, Doris Shipley, her two brothers, Buddy and Wayne Bales, and her aunt, Diana Carlock.
Left behind to cherish Debra’s memory are her husband of 33 years, William Watts, sons, Tyler and Anthony “Tony” Watts, and James Kirkley, two grandchildren, siblings, Sharon Cummings, Allen Bales, and Ann Bales, a niece and several nephews and many dear friends.
Santa Claus may not be coming to town due to the pandemic, but he will pay a socially distant visit to Wall Street equity traders if history is any guide.
Stocks have performed exceedingly well during a seasonal period that includes the yearâs last five trading days and the first two sessions of the new year, in whatâs come to be known as the âSanta Clausâ rally.
That period, which started lastThursday this year, is considered one of the best seven-day stretches for equities in any point in a year, boasting an average return of 1.3%, the second best performance among any seven-day period in a year. The span has also finished positive in nearly 78% of some 250 trading sessions, according to Ryan Detrick, chief market strategist for LPL Financial, in a Wednesday research note (table below).