Santa Rally
The term “Santa Claus rally” was
first coined in 1972 by Yale Hirsch, a market analyst who observed abnormal returns in the last days of the year. It’s described as a stock market rally that happens around Christmas time, encompassing the last five days of the year and the first two days of the new year.
This rally occurred 57 times in the 70 years between 1950 and 2020. Every time, the S&P 500 went up by an average of 1.3% during those seven days alone.
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