5 min listen
BREAKDOWN: A ‘Santa Claus Rally’ for the Stock Market?
BREAKDOWN: A ‘Santa Claus Rally’ for the Stock Market?
ratings:
Length:
14 minutes
Released:
Dec 4, 2020
Format:
Podcast episode
Description
Since 1969, 34 out of 45 years have seen a late December rally. Here are 5 reasons why that might not happen this year. This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.Today on the Brief:Payrolls report underperforms expectationsSpotify looking for crypto directorLame-duck crypto legislation on the way? Our main discussion: Will we see a “Santa Claus rally” this year? This kind of rally refers to the fact that in about two-thirds of years since 1969, late December has seen a stock market rally, averaging a 1.4% gain. This year, vaccine optimism combined with new stimulus seems poised to once again jingle Wall Street’s bells. A piece in Bloomberg, however, provides five charts and reasons why this market rally is already overbought and overblown, so this year might be more coal than eggnog.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Dec 4, 2020
Format:
Podcast episode
Titles in the series (100)
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