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Here's What the Santa Claus Rally Tells Us About 2024

TheMotleyFool

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Here's What the Santa Claus Rally Tells Us About 2024: https://g.foolcdn.com/editorial/images/758951/santa-checks-his-list.jpg

One day over 50 years ago, a man named Yale Hirsch noticed an interesting pattern. Starting with the first trading day after Christmas and going through the second trading day of January, the S&P 500 usually increases in value. Hirsch dubbed his discovery the Santa Claus Rally.

It looks like good ol' Saint Nick is working his market magic again in 2023. As of this writing, the S&P 500 has started another Santa Claus Rally this year.

The Santa Claus Rally isn't the only stock market pattern that Hirsch noticed. Two other patterns were January's First Five Days and the January Barometer.

Source Fool.com

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