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 successful new year.
Well, this year Santa came early!
The chart above indicates a rally in both stock and bond benchmarks since the end of the third quarter. This rebound occurred despite the grim outlook for global growth and rising inflation.
These results reinforce the impact of a disciplined investment approach and the importance of not trying to “time the market”.
Wishing you a joyous holiday season,
The Associates of SIA