Investment professionals often expect a “Santa Claus Rally” near the end of the calendar year due to optimism fueled by the seasonal spirit and hopes for a prosperous new year.
Well, for the second year in a row, Santa came early! The chart below highlights returns for the past six weeks ending December 12, 2023.This quick and powerful rebound may lead to a surprisingly good calendar year for financial markets.
Behind the Scenes at SIA
During the final two months of each year, our Research and Portfolio Management Teams focus on mutual fund projections for capital gains and income payouts. Using these analyses, we review client portfolios to determine the impacts of the payouts and we may implement trades during this period to avoid potentially negative tax implications.
Wishing you a joyous holiday season,
The Associates of SIA