A Santa Claus rally and a strong seasonal month for stocks could push stocks to new all-time highs by the end of the year, according to the Stock Trader’s Almanac. Stocks continued their gains on Monday, with the Dow Jones Industrial Average and S&P 500 closing in on 11 The final trading week of the month began with all-time highs. The Nasdaq also rose during the trading session. This has helped the S&P 500 rise more than 25% annually and the Nasdaq to rise more than 27%. The 30 stocks in the Dow Jones Industrial Average rose more than 18% in 2024. hitting new highs, even as some investors worry the stock is currently priced too perfectly, says the editor-in-chief of Stock Trader’s Almanac. “Seasonal weakness in mid-November sets the stage for the usual year-end trend and reiterates that 2024 will exceed the best-case scenario of our 2024 annual forecast,” Hirsch wrote. He outlined in his best-case forecast last year that it would be above The average increase is 15% to 25%. .SPX 1D mountain S & P 500 December is already the third-best month of the year for the major indexes from a seasonality perspective, according to the almanac. But the almanac shows that in a presidential election year, this month was actually the second-best month for the Dow and S&P 500, with average gains of 1.3% and 0.8%, respectively. When the new president took office, the Nasdaq ranked fifth, gaining an average of 0.9%. What’s more, the final days of December may be especially important for markets. The Santa Claus rally, defined as a bearish rally in the last five trading days of the year and the first two trading days of January, could help push stocks further higher and, if it materializes, could be viewed as a bullish indicator for 2025 and a bearish indicator for 2025. If none, it is one. Looking at data from 1969, the S&P 500 rose an average of 1.3% during that period.
Stock traders’ almanac says Santa Claus expected to rebound and hit new highs by year-end | Real Time Headlines
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