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Awaiting the Santa Claus Rally

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Awaiting the Santa Claus Rally
Santa Claus gestures on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange in New York, on Dec. 5, 2019. Bryan R. Smith/AFP via Getty Images
Ivan Martchev
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Commentary

As we enter the last trading days of the year and volumes are light, if we continue to see positive news, save for possible escalations in the Middle East that are impossible to predict ahead of time, it should be a rising week, as it is the famed “Santa Claus rally.” In theory, this week should deliver new highs for 2023.

Ivan Martchev
Ivan Martchev
Author
Ivan Martchev is an investment strategist with Navellier. Previously, Ivan served as editorial director at InvestorPlace Media. Ivan was editor of Louis Rukeyser’s Mutual Funds and associate editor of Personal Finance. Ivan is also co-author of “The Silk Road to Riches” (Financial Times Press). Ivan’s commentaries have been published by MSNBC, The Motley Fool, MarketWatch, and others.
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