All three major U.S. benchmarks are trading in the green on Tuesday, but a small recovery is not a sign that a Santa Claus Rally will happen on Wall Street in 2022, expert says.
Ned Davis Research chief U.S. strategist examines the stock market's response around the holidays on 'Making Money.'
A Santa Claus Rally occurs when equities rise in the last five trading days of December and the first two of the new year. Edward Moya, a senior market analyst for OANDA in New York told FOX Business on Tuesday, "U.S. stocks are trying to snap a four-day losing streak, but the rebound is hardly a sign that Santa's coming to town."
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Why You Should Believe In A Santa Claus Rally For MarketsResearch in the Journal of Financial Planning found U.S. stocks have historically outperformed between Christmas and New Year, on average, offering a return of around 1% for the final five trading days of the year and the first two trading days of January.
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