Stock market fails to stage a ‘Santa Claus rally’ in rough start to 2024
Santa Claus was pretty much a no-show on Wall Street. As defined by the Stock Trader’s Almanac, the “Santa Claus rally” refers to the S&P 500’s tendency to rise during the last five trading days of a calendar year and the first two trading sessions of the new year. Since 1950, the Santa rally has