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The stock market could be headed for a ‘Santa Claus rally’ that pushes it to even loftier record highs

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  • At the end of the year, all eyes are watching for a so-called Santa Claus rally that could push markets to new record highs.
  • The period in question is the final five trading days of the year, combined with the first two of the next.
  • That span has historically seen an average cumulative return of 1.4% since 1969, according to the Stock Trader’s Almanac.
  • “A Santa Claus rally remains possible, despite volatility at the start of the month,” Brad McMillan, chief investment officer at Commonwealth Financial Network, wrote in a recent client note.
  • on Business Insider.

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Source:: BusinessInsider.Com