The stock market’s ‘Santa Claus rally’ hasn’t come to town — so ignore the caroling
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The stock market’s ‘Santa Claus rally’ hasn’t come to town — so ignore the carolingThe so-called Santa Claus rally didn’t begin this week. The stock market’s activity was a typical response when the Federal Reserve cuts interest rates — Santa had nothing to do with it.Yet that’s not how many in the financial media were describing the rally. These commentators are forgetting that not every rally in December can be credited to Santa. The stock market’s odds of rallying before Christmas are no better than at any other time of year — and maybe even worse. Those contending otherwise are taking Santa’s good name in vain.About the AuthorMark Hulbert is a columnist for MarketWatch.
His Hulbert Ratings service tracks investment newsletters that pay a flat fee to be audited.Copyright © 2025 MarketWatch, Inc. All rights reserved.