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Is the stock market due for a correction in 2021? Here’s what some experts think MarketWatch 2/11/2021 MARKET EXTRA A pullback for the Dow Jones Industrial Average and the S&P 500 index on Tuesday halted the longest win streak for stocks in months, but a major concern for investors remains: Is there a major correction looming ahead? Popular Searches Even some bullish investors have called for a retrenchment in stocks as a sort of catharsis for the next leg higher and an unwind of some of the frenzied, retail-inspired betting that has repeatedly sent stocks to fresh records amid the COVID-19 recovery. ....
‘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). ....
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). ....