The Santa Claus Rally is a term used to describe the last trading days of the year and the first two of the new year. And yes, Virginia, it is real. The period is defined by the Stock Trader's Almanac and Yale Hirsch, who created it in 1972.
In 2914, an end-of-year rally in U.S. equities was temporarily reversed between December 8 and December 16, but after the Federal Reserve calmed the markets with talk of patience concerning rate hikes, the Santa Claus Rally continued in earnest, with new record highs being reached each day during Christmas week.
EU Retreats on Prop-Trading Ban; Nations Back Separation
U.S. retail brokers warn 'tick size' plan to boost investor costs
US SEC's new investor watchdog lays out risky products for 2014
Clearer OCC agrees capital raising deal
U.S. airlines confront cheap oil's flip side: costly hedges
Capital Markets Currents: 3 Themes for the New Year