December is usually the strongest month of the year for the stock market investors, but this December has gotten off to a slow start. As of yesterday’s close, the S&P 500 was down about 1.3% for the month. Is the weak start to December a signal that Santa might not be coming to Wall Street this year? That’s possible, but historically the Santa Claus rally doesn’t get underway for a few more days. Our chart shows that the strong gains in December don’t start until around mid-month. Mid-month also happens to coincide with the next Fed meeting. That raises the question: Will Chair Yellen play the role of the jolly old elf or the Grinch?
The following two tabs change content below.
Jeremy Jones, CFA
Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.
Latest posts by Jeremy Jones, CFA (see all)
- Will the First Self-Driving Cars also be Planes? - January 23, 2019
- To Those Who Don’t Think Politics Matter in Investing - January 22, 2019
- Grantham’s GMO says U.S. Stock Bubble is Busting - January 18, 2019