The Santa Claus rally, which typically sees the stock market rise in the last five days of the old year and the first two days of the new year, has been disappointing this year. The S&P 500 has experienced negative returns, with a decline of 0.3% to 0.9% during this period. This trend has raised concerns about the overall market performance, with experts noting that a failed Santa Claus rally is often associated with subpar returns. Despite this setback, there is still optimism for gains in 2024.
A failed Santa Claus rally dashes hope for a 'January Trifecta' - but stocks are still in shape for gains in 2024 https://t.co/UAL88ZJ00e
Stocks were officially lower during the Santa Claus Rally period. This doesn't happen often, but it has been a potential warning before. Higher in Jan only 40% of time. Q1 flat on avg. Full yr up a median of 3.0%. Of course, S&P 500 was up 9 wks in a row and due for a break. https://t.co/C0kAgMMSZt
The Santa Claus Rally was a dud. S&P 500 down 0.9% in last 5 days of the old year, first two of the new year, typically good for a gain of 1.3%. Not this year! Last time Santa Claus rally failed was 2015-2016. Failed Santa Claus Rally usually associated with subpar returns. @CNBC
was this the santa claus rally of 2023/24? https://t.co/dW1loUwVIf
The Santa Claus rally is in trouble. That’s the tendency for the stock market to rise on the last five days of the old year, and the first two days of the new year. @BobPisani has the full story. https://t.co/jbrtHPZbM3 https://t.co/Zhc4V5F4cp
Santa Claus 🎅 Rally failing miserably this year!?! Currently at -0.8% for the $SPX. Or as we stated to our premium members last week: “For every action, there is an equal and opposite reaction. This applies to the #stockmarket too. If we think we are going to have a parabolic… https://t.co/KXPyyHuuM2 https://t.co/a37YVDsHY2
The 'Santa Claus Rally' is in trouble, and that may signal weaker stocks https://t.co/bauqWW38RL
The Santa Claus rally is in trouble, the tendency for the market to rise the last 5 days of the old year, and first 2 of the new year, typically good for a gain of 1.3%, the best consecutive 7 day period of the year. But with 1 day left, the S&P is down 0.1% last 6 days. @CNBC
With only one day left, the Santa Rally is currently at a -0.3% return for the $SPX... "If Santa Claus should fail to call, bears may come to Broad and Wall." #SPX #SPX500 #stockmarkets #Santarally https://t.co/I1VCU9bxDr
Risks Abound After Santa Claus Rally Lifts Stocks https://t.co/vHeWpZN2dZ