A ‘Santa Claus Rally’ for the Stock Market?
The Breakdown
English - December 05, 2020 02:00 - 14 minutes - ★★★★★ - 35 ratingsTechnology Business crypto cryptocurrency bitcoin blockchain Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Today on the Brief:
Payrolls report underperforms expectations
Spotify looking for crypto director
Lame-duck crypto legislation on the way?
Our main discussion: Will we see a “Santa Claus rally” this year?
This kind of rally refers to the fact that in about two-thirds of years since 1969, late December has seen a stock market rally, averaging a 1.4% gain.
This year, vaccine optimism combined with new stimulus seems poised to once again jingle Wall Street’s bells. A piece in Bloomberg, however, provides five charts and reasons why this market rally is already overbought and overblown, so this year might be more coal than eggnog.
Today on the Brief:
Payrolls report underperforms expectations Spotify looking for crypto director Lame-duck crypto legislation on the way?
Our main discussion: Will we see a “Santa Claus rally” this year?
This kind of rally refers to the fact that in about two-thirds of years since 1969, late December has seen a stock market rally, averaging a 1.4% gain.
This year, vaccine optimism combined with new stimulus seems poised to once again jingle Wall Street’s bells. A piece in Bloomberg, however, provides five charts and reasons why this market rally is already overbought and overblown, so this year might be more coal than eggnog.