Reported 1 day ago
Veteran analysts discuss the potential for a Santa Claus Rally in the stock market during the last trading days of December 2024 and the first few days of January 2025. Historical data shows that this phenomenon has occurred 80% of the time since the 1950s, with an average S&P 500 gain of about 1.4%. Current market conditions, influenced by Federal Reserve policies and potential government shutdowns, create both challenges and opportunities for investors. Analysts suggest that an unexpected rally may be on the horizon as many investors are becoming skeptical about its likelihood.
Source: YAHOO