See you next year Santa....., maybe.3 Jan 2024 14:27
""But if a Santa Claus rally doesn't materialize over the next week seven trading days, it could serve as a warning sign to investors that the coming year might see a weak start for stocks.
Over the past 30 years, the five times stocks posted negative returns during the Santa Claus rally period, the month of January was lower for stocks each time.
"Notably, there was no Santa Claus rally in 2000 and 2008, not the best times for investors, and potentially some major warnings that something wasn't right. Lastly, the full year was negative in 1994 and 2015 after no Santa [Claus rally]," Detrick said.
Accordingly, Hirsch coined the phrase, "If Santa should fail to call, bears may come to Broad and Wall.
The New York Stock Exchange is located at the corner of Broad and Wall Streets".
DYOR