Categories: U.S. Investing

364 Days until the Next Santa Rally Begins?

364 Days until the Next Santa Rally Begins? (CNNMoney)

This year’s Santa Claus rally prodded the Dow Jones to its 50th record high of the year at 16,370 yesterday; the S&P 500 to a new high of 1,834.96 and even the Nasdaq to a 13-year high of 4,164.21. But with the markets on bull runs for much of the year (Dow and S&P 500 up more than 20 percent this year; Nasdaq up 30 percent), many investors are wondering if this year’s Saint Nicholas rally will end when New Year’s arrives, or if it will barrel right into 2014. And even if the rally does continue into January, what effect will the Fed’s announced tapering of stimulus to $75 billion from $85 a month a month have on it? Investors with insight into the answers to these questions certainly will have a leg up on their peers heading into the New Year.

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.