NEW YORK – Is Santa Claus coming to town? Wall Street thinks so, even though stocks have already exceeded most expectations this year.
December on average is the best month for stocks. Investors call the gains a Santa Claus rally: a late-year boost that helps the markets end on a high note. Although there are some warning signs and reasons for concern, analysts have good cause to think December 2017 will bring more cheer.
From 1950 to 2016, the Standard & Poor’s 500 index rose an average of 1.6 percent in December. November was second, with an average gain of 1.5 percent.
Original published: 2017-12-01 23:42:00 Read the full Houston News here
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