Financial expert calls Santa Claus rallies "meaningful"
By The Exchange Team
If history is any guide, stock investors may be in line for a holiday present.
Year-end gains in U.S. markets boost investor rewards. It's named "Santa Claus Rally."
The trend covers the last five trading days of the year and the first two of the new year.
As per FactSet statistics, the S&P 500 Index has climbed 0.7% a year over those 7 trading days over the past 2 decades.
From 1950 through that 7-day trading session, the S&P 500 was up 1.3% a year and positive 79% of the time.
December is traditionally one of the best months for US stock performance.
Only returns in July and April have outperformed the December average since 1926.