Seema Mody is great at her job
I love watching Seema and Melissa during the day! Yeah Santa Claus rally! A surge in the price of stocks that often occurs in the week between Christmas and New Year’s Day or as Seema explained, 2 trading days in the new year. Tomorrow is last day but please continue!
why rally? There are numerous explanations for the Santa Claus Rally phenomenon, including tax considerations, happiness around Wall Street, people investing their Christmas bonuses and the fact that the pessimists are usually on vacation this week.