Is Santa Bringing Investors Trash for Christmas?

With the stock market in a party mood even ahead of a potential “Santa Claus Rally,” some investors are concerned about the quality of gifts they are getting. They can probably relax.

As far back as 1972, the famed Stock Trader’s Almanac identified the period spanning the last five trading days of one year and the first two of the next as particularly favorable for equities. The S&P 500 has gained during this Santa Claus Rally for the past seven years. Friday marks the start for 2023.