Has Santa Claus rally begun?

[Lsbcal]

Well there is some disagreement on the exact dates for this. Today was a nice comeback.

Your take ...

 

[audreyh1]

Market bouncing back after fake news yesterday?

 

[audreyh1]

I’m used to a nice pop starting Thanksgiving week and continuing through at least the first 5 trading days of Jan, but this year combined Omicron news and Fed tightening talk has caused several strong sell off days.

Who knows what is going to happen.

 

[NW-Bound]

I dunno. If the market is up, I sell covered calls. If the market is down, I sell cash-covered puts. I try to make a bit more money either way.

The above said, I prefer that the market go up. It makes for a happier mood. I don't like to hear groaning and teeth gnashing, holiday season or not.

 

[Lsbcal]

I’m used to a nice pop starting Thanksgiving week and continuing through at least the first 5 trading days of Jan, but this year combined Omicron news and Fed tightening talk has caused several strong sell off days.

Who knows what is going to happen.

From Bill Ackman on Twitter:

I spoke this morning with the president of a major NYC hospital system. His read of Omicron is similar to other reports of mild outcomes. Most interestingly he said that the blood test results of Omicron patients, albeit based on a very small sample, showed none of the inflammatory markers present in patients with earlier variants. The significance of this finding is not yet known but it would be interesting to follow the data in light of the apparently mild outcomes of Omicron and implications for long Covid disease for this variant.

You can watch Cramer (age 66) on CNBC who it was announced got Covid a few days back. His was a very mild case as he was fully vax'd. Here he is today spouting off as usual: https://www.cnbc.com/2021/12/20/how-jim-cramer-is-playing-the-omicron-related-stock-slump.html

 

[audreyh1]

Cramer was double vaxxed plus booster so one would hope for mild case. His situation also underscores how hopeless it is to go to gatherings with only test done half a day before to screen the attendees. Yes, I read his talking points.

Still, lots of info to unfold and this increases market volatility.

 

[jollystomper]

Maybe a Sump'n Claus rally ?

 

[JDARNELL]

Watch the bond market, price of oil, the DXY and the Feds balance sheet for the market direction. A lot of noise out there.

 

[RobbieB]

I only know what the market has done after the end of the month when the paper statement arrives.

 

[Lsbcal]

Maybe a Sump'n Claus rally ?


...

Really funny. Thanks.

 

[Dtail]

Hard to say with Omicron present.

 

[DawgMan]

No clue. I'm wrong 80% of the time I wake up and play "what's the market going to do today?". My Spidey sense says we will experience some sort of reset in 2022 basically right sizing equities relative to inflation and fiscal policy, but what do I know. I am cheering for the bulls!

 

[steelyman]

Remember how long your retirement is (hopefully) going to last and weigh that in comparison to short time market moves whatever they are.

 

[GenXguy]

I'm expecting a big drop off, soon, and not much of a sustained rally.

 

[Fermion]

I'm not sure about a big drop off. There is just so much money floating around...I mean people have extra cash to buy NFTs and spend 3 trillion on crypto. Add to all of this the reports that there is a lot of money still on the sidelines.

 

[Car-Guy]

Not sure if Santa had anything to do with it, but I absolutely paid for our Christmas, and then some, in the last 24 hours. Love that GE. (Well yesterday and today anyway)

 

[Graybeard]

Generally, the first half of December is not that great but the second half is generally good.

Today on CNBC, I think it was David Faber who said "Cramer said today is the first day of the Santa Claus rally". What? I always thought, the SCR started the day after Christmas and ran to the first day or two of the new year. I checked Investopedia and they say "A Santa Claus rally describes a sustained increase in the stock market that occurs in the last week of December through the first two trading days in January.". Of course, Cramer was wrong, I'd do the opposite of anything he says.

The SCR doesn't occur every year but I think we'll get it despite the volatility this month, we'll know in a week and a half.

 

[luckydude]

My mother told me there's no Santa Claus.

 

[Lsbcal]

Generally, the first half of December is not that great but the second half is generally good.

Today on CNBC, I think it was David Faber who said "Cramer said today is the first day of the Santa Claus rally". What? I always thought, the SCR started the day after Christmas and ran to the first day or two of the new year. I checked Investopedia and they say "A Santa Claus rally describes a sustained increase in the stock market that occurs in the last week of December through the first two trading days in January.". Of course, Cramer was wrong, I'd do the opposite of anything he says.

The SCR doesn't occur every year but I think we'll get it despite the volatility this month, we'll know in a week and a half.

Maybe both you and Cramer are right? We got an early up market and now we get to hope for the actual Santa Claus rally.

 

[GravitySucks]

Made my final sale of the year yesterday. This ensures a few more up days.

 

[Kabowest]

Maybe a Sump'n Claus rally ?

Cash in envelopes is definitely sump'n!

 

[Kabowest]

My mother told me there's no Santa Claus.

But did she say anything about the rally?

 

[luckydude]

But did she say anything about the rally?

She doesn't know anything about the rally either

She gets a very nice dividend stream from a large RE portfolio managed by the family and is blissfully ignorant of the market. I stuff all the extra $ she doesn't spend (and she doesn't spend much of anything) into VTSAX at the end of the year.

Ignorance is bliss for her.

 

[Major Tom]

Well, I certainly don't want to tempt fate with the now-classic W2R exclamation, but I'll happily contribute a hearty w00t!

 

[NW-Bound]

Oh my gosh! The market is up.

Sell, sell, sell...