The importance of the Santa Claus rally for the market psyche might be underappreciated, because it sets the tone for the new year, explains LPL.
There’s much ado about the so-called Santa Claus rally that tends to materialize in the U.S. stock market in the final week of December and the first two trading sessions of the new year, but the importance of the upsurge for market psychology might be underappreciated.
And another important point is that if Santa doesn’t show up, i.e., the market posts a loss during that seven-session period, the month of January has logged a loss since 2000. Losses during the so-called Santa Claus rally starting in 1999, 2005, 2008, 2015 and 2016 have consistently led to monthly declines in January .
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