Santa Claus stuffs inventory market portfolios in a holiday-shortened session
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The shortened US fairness market session on Christmas Eve is usually a formality however Santa Claus delivered this 12 months. The zero.7% rally yesterday within the S&P 500 was adopted with zero.eight% immediately and the post-Fed rout has now been largely erased.
- S&P 500 +1.1%
- Nasdaq Comp +1.four% (led by +four.6% for TSLA)
- Russell 2000 +zero.7%
- DJIA +zero.9%
- Toronto TSX Comp +zero.three%
US and Canadian markets are each utterly closed on Christmas. The US market will re-open on Boxing Day whereas Canadian markets stay closed till December 27.
The ‘Santa Claus rally’ interval is historically after Christmas and earlier than new years, so now we have that to sit up for.
This text was written by Adam Button at www.ubaidahsan.com.
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