Santa Claus Rally

What happened to the Santa Claus Rally? The S&P 500 index was going along nicely. It was up 14% since the end of November, supported by an increasingly dovish Federal Reserve. And then, on Wednesday, it proceeded to sink 1.4%. While the index was up by 0.6% in early trade on Thursday, nervous...

The euphoria surrounding a potential Federal Reserve pivot has propelled all risky bets higher, and the upward momentum is expected to strengthen, thanks to the typical year-end Santa Claus rally. However, the upside may not have been of high quality, rendering this year’s...

Major cryptocurrencies experienced a surge on Tuesday, following remarks made by Federal Reserve Governor Chris Waller at an event in Washington, D.C. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EST) Bitcoin (CRYPTO: BTC) +2.11% $37,949 Ethereum (CRYPTO: ETH) +1.34% $2,051 Dogecoin...

As the final month of the year approaches, crypto-enthusiasts are buzzing with anticipation of a potential ‘Bitcoin Santa Claus rally’, reminiscent of the price boosts witnessed in 2013 and 2017. What Happened: The term “Bitcoin Santa rally” is fast becoming a hot topic...

Cryptocurrency services firm Matrixport suggests that Bitcoin (CRYPTO: BTC) may soar to $56,000 by year's end, as it drew parallels to its historical performance and potential future outcomes. "If Bitcoin is up at least +100% by this time of the year, then there is a +71% chance or...

Chris Burniske, the founder of Placeholder Capital and former ARK Invest advisor, says the cryptocurrency private financing sector is undergoing its most active phase in recent times. In a series of tweets, Burniske shared his insights on the current state of crypto investments, noting...

Trading in the U.S. index futures suggests that stocks may get off to a strong start in the first trading session of 2023. The mood is in contrast to the cautious outlook given by most Wall Street analysts regarding the year's market trajectory. What Happened: Stocks closed modestly lower...

Carson Group’s Ryan Detrick believes in Santa, and the chief market strategist gave investors a reason to have faith in the historic Santa Claus rally (SCR) on Benzinga’s "PreMarket Prep." Tuesday's extended PreMarket Prep broadcast included: New Age Wealth...

Prominent market commentator Jim Cramer has suggested three communications services stocks that are buys in an otherwise “untouchable” group. What Happened: “In an awful year for stocks, communication services was the worst group in the S&P 500, which is really saying...

U.S. markets will remain closed on Monday as an observed holiday for Christmas. What Happened: Last week, major indices posted mixed performance while missing the much-awaited Santa Claus rally. The Nasdaq Composite lost 1.96% in the last five days while the Dow Jones ended 0.86% higher. The S&...

U.S. markets witnessed another sell-off on Thursday, dampening hopes of a "Santa Claus" rally following the temporary rebound. Prominent market commentator Jim Cramer highlighted three reasons behind the market fall on Thursday. If the economy were running colder, if the...

The financial markets were in the doldrums for 2022, with every asset class experiencing sell-offs amid the macro challenges. One analyst, however, expects better times ahead. What Happened: Everyone expects the first half of 2023 to be bad for stocks, Carson Group's chief market strategist...

Major Wall Street indices closed in the red on Monday as investor optimism on the much anticipated "Santa Claus" rally began to fade over fears of recession gaining momentum. Prominent market commentator Jim Cramer has cited a chart interpreted by Larry Williams and said there could be a...

Stocks pulled back sharply in the session immediately after the Fed rate decision, with major averages settling at their lowest levels since early November. What Happened: Carson Group chief market strategist Ryan Detrick, on Thursday, shared a graphic on Twitter showing Dec. 15 being...

The major averages closed uniformly higher on Monday, reversing from the previous week’s losses. The buying spree may partly be attributed to profit-taking as some of the stocks got cheaper after a near-term uptrend that topped out in late November. What Happened: In an unusual move, even as...