CNBC: “The ‘Santa Claus rally’ defined and the chances it occurs this year on Wall Street”By admin_45 in IN THE NEWS
Excerpt from CNBC quoting DataTrek co-founder Jessica Rabe:
.... "The bulls’ final piece of ammunition: During the month of December, the S&P 500 tends to peak during the last week or even the last day of the month, according to Jessica Rabe, co-founder of DataTrek Research.
“Since 1980, the S&P’s December high happened during the last week of this month in almost half (41 pct) of years,” she said in a recent note to clients.
“Bottom line: History says the S&P will likely hit another record high later this month,” Rabe said"....
Read the full article here on CNBC!