The Santa Claus rally is in trouble.
With one day left in the trade, the S & P 500 is down 0.1% in the past six days.
Fortunately, a negative Santa Claus rally period doesn't happen very often, only 12 times since 1969 — less than 25% of the time.
"That is 16 out of 16 years, which includes years with recessions, like 2020," Clifton notes.
The outperformance is notable: The S & P tends to be stronger by 1.3% on average.
Persons:
Santa Claus, Jeff Hirsch, Tom McClellan, Hirsch, Dan Clifton, Clifton, Biden, Jason Trennert, Strategas, There's
Organizations:
Santa, Treasury, Bloomberg
Locations:
Santa, Santa Claus, U.S, Strategas, Mexico, India, Taiwan, Pakistan, Indonesia, South Africa, Tunisia