Santa Claus rallies are a ‘meaningful’ development, claims economical advisor: What just one could mean for investors this year

Santa Claus rallies are a ‘meaningful’ development, claims economical advisor: What just one could mean for investors this year


Critical Factors
  • U.S. shares normally rise around the holidays, a craze recognized as the “Santa Claus rally.” The interval encompasses 7 investing times: the very last 5 times of the calendar year and to start with two of the new calendar year.
  • The S&P 500 Index was up an average 1.3% a 12 months in excess of those people 7 times each individual year considering that 1950, and was optimistic the total yr in 79% of people several years, in accordance to 1 estimate.
  • The rationale isn’t really specifically clear.



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Stocks making the biggest moves midday: Albertsons, Nova Minerals, Wells Fargo, Polaris & more
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Stocks making the biggest moves midday: Albertsons, Nova Minerals, Wells Fargo, Polaris & more

Check out the companies making the biggest moves midday: Nova Minerals — The miner soared 83%, on pace for its best day ever, after it said the Australian ambassador to the U.S. approached the company regarding its Estelle Gold and Critical Minerals Project in Alaska. “This briefing is in preparation for the upcoming meeting between […]

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Watch Fed Chair Powell speak live on policy at the NABE conference in Philadelphia
Finance

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Jamie Dimon says auto company bankruptcies reveal ‘early signs’ of excess in corporate lending
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Jamie Dimon says auto company bankruptcies reveal ‘early signs’ of excess in corporate lending

Key Points JPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market are a sign that lending standards grew too lax in the past decade-plus. Dimon, the longtime leader of the largest U.S. bank by assets, was speaking about the recent collapse of auto parts firm First Brands and subprime car […]

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