S&P Poised For New Record As 2024 Beckons
US equities are overbought, or close to it. But that doesn't mean much in isolation.
We're now officially in the "Santa rally" window. It's a seven-session period that includes the final five sessions of the year and the first two sessions of the new calendar. That, as opposed to the unofficial Santa Rally window, which opens in November-ish (or whenever you want it to open to fit your narrative).
Regardless of what happens this week and early next, there was a Santa rally in 2023. The S&P
And legions of professional investors, one eye nervously on their year-end score, are grateful for Santa no less fervently, but less innocently, than when they were small children.
I had to read your comment twice.
The first time I glanced over it and thought you wrote “, one eye nervously on their rear-ends more,”