'Santa Claus' equity market rally given credence by S&P

December is roughly four times more profitable than the average month, finds research


The 'Santa Claus rally' - the phenomenon of December being a good month for equity investors - is real, says S&P Dow Jones Indices' director of index strategy, Tim Edwards. Analysing 12 major equity markets, each was given a 'Santa Score' equal to the result of dividing the average performance each December by the annualised total return over the period. Since there are 12 months in the year, a Santa Score of one twelfth (about 0.08) would be expected in the absence of any special effect. None o

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