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Category: Seasonality

It’s December and you know what that means: let the “Santa Claus rally” calls begin. Like “Black Friday” sales, the Santa rally talk seems to start earlier and earlier each and every year. We actually started seeing articles about the rally in early November and they are out in full force today. Why the constant talk of […]

In the short-run, sentiment and momentum drive everything in markets. We have a conflicting backdrop with respect to these factors heading into year-end. On the cautious side, sentiment once again reached optimistic extremes last week. The spread between Bulls and Bears in the Investors Intelligence poll came in at 39.5%, the 94th percentile of such […]

It’s that time of year again when we’re all reminded of one of the most famous sayings on Wall Street: “sell in May and go away.” The concept is simple enough. The stock market tends to perform better on average in the November through April period than the May through October period. The performance differential […]