As U.S. markets open today, stocks are headed for their worst December since the Great Depression –– but some may still believe in a 'Santa Claus rally' that usually pushes stock prices higher in the year's final week of trading.
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Will Santa deliver a stock market rally or pile of coal during worse December since 1931?The 'Santa Claus Rally,' the typical year-end stock surge, may not deliver in 2018. Too many worries persist on Wall Street.
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The Santa Claus rally: No ho-ho-hoA Santa Claus rally is a very specific event: the tendency for the market to rise in the last five trading days of the year and first two of the new year, for an average gain of 1.3% in the S&P since 1950, according to the Stock Trader's Almanac.
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Finally, signs of a Santa Claus rally come to Wall StreetThough the jolly old elf traditionally visits the public before Christmas, he generally doesn't come to Wall Street until the last week of the year. With just four trading days left, it was about time for Santa to make an appearance.
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